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Purvee

Now Bulls are coming! Crude Oil

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CFDs em Petróleo Bruto (WTI) (FX:USOIL)  
Purvee  
FX:USOIL   CFDs em Petróleo Bruto (WTI)
Trend Analysis Support and Resistance Fibonacci Oil Crude Oil brentoil brentcrudeoil oiltrading Commodities
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trendanalysis supportandresistance fibonacci oil crudeoil brentoil brentcrudeoil oiltrading commodities
The past month was super bearish. As looking at the past oil price is always take longer to climb up but it collapses in just a few days.
With the production cut from OPEC, I highly doubt that we will see below $50 again. Simple Fibonacci retracement shows below $51.5 is a full 61.8% retracement from the bullish run that started in December. It is better to fill buy order on the green area.
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