This could happen by the end of the month.
Red horizontal line is 0.764 fib from 1999 low to 2008 high.
Price did not close below on a weekly basis therefore we must be careful, oil could be bottoming.
Fundamentals point downwards.
Orange are pivots(Ms2)
Let's see how wrong i am
Red horizontal line is 0.764 fib from 1999 low to 2008 high.
Price did not close below on a weekly basis therefore we must be careful, oil could be bottoming.
Fundamentals point downwards.
Orange are pivots(Ms2)
Let's see how wrong i am
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