This is a simple trade idea price has respected the 50% fib level which is in confluence with the 200 ema and 100 and 50 clustered up which can indicate forth coming momentum. entry just above yesterdays high.
On the monthly chart theres clear support comming in at 72.25 and a wedge is evident. Im ignoring the flash crash thats happened last week. although if we account for support @ 69.28 its clear that buyers want to push this higher. my target is @ 74 trendline resistance.