I work in the oil industry currently and work has slowed a bit. I dont typically look at oil as it is very political and there are too many factors that can effect the price but I figured I would take a look today. We made it back above the .236 fib but the 50 MA was right above that which kept the candles in check for now. We need to break through that 50 MA and the cloud next or we may retest the lowest fib (0) on the chart. Oil has lost some momentum lately. Could be because of the trade war, could be because the US and Iran are upset with each other. OPEC? WTFDIK? I dont like speaking politics so thats why I typically avoid oil. But I am wondering why work is slowing and I am trying to make sense of it by reading the charts. I assume the oil charts work just like any other. Perhaps that isnt the case... But it certainly looks to me like the candles respect the fib on an oil chart as well. I am going to watch oil a bit closer. Have a great day