USOIL CrossRoads at Fib 61.8

20 באפר׳ 2016

OIL has bearish divergence at D chart. Weekly has a bit of a bullish bias but it's Stoch is overbought. Tomorrow will be a decisive day for WTI, if it breaks 618 Fibonacci retracement with force then we can think that this rally has some steam, else it's just a short covering rally and OIL heads to 1.618 projection of previous Peak-Trough