Due to the attacks on Saudi Arabia the other day, the price of oil plummeted, although it recovered quickly. Last week we marked sales for subsequent purchases by putting TP and new purchases at 61.79, using the Fibonacci retracement we see that the price marked to continue the rise is 62.57.
The way to operate will be to wait for the drop and when that price touches close the sales and buying, hoping that it will overcome the resistance of 67.93 a little. We'll see what will happen at that price.
Good luck investors!
The way to operate will be to wait for the drop and when that price touches close the sales and buying, hoping that it will overcome the resistance of 67.93 a little. We'll see what will happen at that price.
Good luck investors!