Crude Oil targets the next correctional level. Heading south
Targets: 58.30 , and extend to 52.73
Risk: 64.60
The price stability below 61.8% Fibonacci level that was previously broken opens the way for a potential visit to the next correctional areas, 76.4% Fibonacci at 52.73.
The negative pressure coming from the exponential moving average 50 continues, and stochastic on the oversold areas threshold, giving a possibilities of some sideways fluctuation and attempts to retest the most important resistance at 64.60.
Holding below this level keeps the negative pressure valid
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Risk: 64.60
The price stability below 61.8% Fibonacci level that was previously broken opens the way for a potential visit to the next correctional areas, 76.4% Fibonacci at 52.73.
The negative pressure coming from the exponential moving average 50 continues, and stochastic on the oversold areas threshold, giving a possibilities of some sideways fluctuation and attempts to retest the most important resistance at 64.60.
Holding below this level keeps the negative pressure valid
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plus.google.com/1054...15961677289743/posts
