Crude Oil - Fib and Volume Analysis
Crude Oil finds sellers taking profits at the 0.789 fib just below the 200 day EMA.
Looking for a bounce in the $36.25 - $28 range that extends from the gap down to the level where volume came in.
If price can clear the 200 EMA it makes sense that the next fib level up around $62.50 is the target.
(Fib Retracement from 1999 - 2008)
Looking for a bounce in the $36.25 - $28 range that extends from the gap down to the level where volume came in.
If price can clear the 200 EMA it makes sense that the next fib level up around $62.50 is the target.
(Fib Retracement from 1999 - 2008)
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