JStanleyFX

Oil bounce from Fibonacci support

NYMEX:CL2!   Crude Oil Futures
Oil is putting in a bounce from the very bottom of the zone looked at on Monday.

bulls aren't out of the woods just yet, but this has the makings of what could become a reversal theme.

Next major levels - 70 big fig, 71 swing res, 72.45 recent swing high, above that and targets can shift back to 75.

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