elroytrader1
Long

$CL_F ($USDWTI) should reverse at 45.67

FX_IDC:USDWTI   U.S. DOLLAR / WTI CRUDE OIL
When I drew the tramlines and fib, they matched. I then noticed the gap between the 61.8% and 50% fibs. If you add in support and assume OPEC will agree cuts next week, then you have five pieces of evidence which point to the same thing.

Comments

Nice forecast indeed. Are you looking forward to updating recent high above 49.2?
Reply
@rauan, Well the tramlines take you there. Depends on OPEC I guess.
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