Colombian economy is very suceptibe to Oli as it is the main export. This chart shows that relationship.
Price will retest gap support then a strong up move will follow. Target 4400-5000
Correction bullish the price drops to 3800 and after rises again to reach 4500 and even 5000.
usd dollar still power against latin american currencies
Generally I never draw the internales, but this time I left a few.
On fib 1.618 as main target. Because Oil is falling and another commdity currencies are exposed.
Seem loonking for new fresh highs.
Oil crash in this black monday leaves colombian economy highly exposed to recession.