Crude looking for support at 50 or worst case 45.27

WTI Crude oil

Expected to find out support around 50 round number or worst case 45.45 61.8 retracement from up move 26.05 to 76.9 ...

RSI is also showing slight divergence. These are indicators watching for reversal

Fundamentally G20 meeting and OPEC may influence crude price to find out support

Kommentera:

Target of 55 dollars support 50.00 ..break below 50 close this trade.. Also 76.8 Fibonnaci has held so far between 42.05 and 76.9

Kommentera:

Daily chart showing bullish higher high and lower low compared to previous day..

Looking following at following possibilities
if unable to break 52.11 next 3 or 4 days.. will form bearish flag with break below 50 target as 48.5..

if able to break 52.11 bearish flag flags and will target 53.75...on bullish side..

Kommentera:

I meant Daily chart trending towards bullish higher high and higher low compared to previous day..

Trade stängt manuellt:

RSI bullish divergence is key here... ..first try to reach 48.5 but could not go below 49.5 and then reached upside target..unable to break swing low 48.2 currently..