I think oil will go short before going long once again, there is a harmonic move en play, with an alignment with the weekly 50% Fibonacci support level and a strong moving average. The daily chart suggest we should go lower, yet on the weekly chart there is a trap waiting to be put in play.
Will look intraday for shorting opportunities, and a possible swing trade once we/if hit the 50% Fibonacci support.
Look at the chart analysis, and tell me what you think.
Will look intraday for shorting opportunities, and a possible swing trade once we/if hit the 50% Fibonacci support.
Look at the chart analysis, and tell me what you think.