So I think we've dinged the bottom for at least the medium-term for right now. There are some big resistance points coming up here in the mid-50s that have been tested before. I see a pullback, another test of an upwards fib, another pullback, and then a move to $60. $60 is going to be a big resistance level, but typically from a big drop of that much on a commodity like this they tend to go back at least halfway from the high to the low, which pegs it around $60.
Trade safe!!
Trade safe!!
Comment:
C'mon baby you're so close.