CRUDE OIL SWING TRADE IDEA FIBONACCI RETRACEMENT
55-56 AREA IS NEXT SUPPORT
52 WILL FIND STRONG BUYING POWER,
STRONG BULL TREND - WAIT FOR PULL BACK FOR LONG
ON THE WEEKLY CHART,
OIL PRICE HAS TESTED/CONSOLIDATED FROM THE STRONG SUPPORT AT 58-60 AREA
WHICH IS ALSO 0.236 FIB ZONE OF 3RD WAVE
BOUNCED UP WITH HIGH VOLATILITY POTENTIALLY MEANING BULLS ARE IN CONTROL
PRICE MOMENTUM, DECREASE IN OIL PRODUCTION (OPEC+) WITH UNCHANGED DEMAND
MAY LEAD TO THE PRICE HIGHER FOR Q2-Q3
