Crude oil Forecast: Using Fibonacci Retracement Levels
Was That the Top in Crude oil?
Crude oil price is running nearby a 78.60% retracement level, and it can act as support. Hence, trade with the trend: sell positions executed around 78.60% retracement level area for the targets of 2660 – 2600 – 2560 – 2500.
For long-term investors: they can hold for 2410 – 2320 levels.
Don’t sell crude oil above the 2740 level. It can start raising for 2980 – 3260 levels.
Crude oil price is running nearby a 78.60% retracement level, and it can act as support. Hence, trade with the trend: sell positions executed around 78.60% retracement level area for the targets of 2660 – 2600 – 2560 – 2500.
For long-term investors: they can hold for 2410 – 2320 levels.
Don’t sell crude oil above the 2740 level. It can start raising for 2980 – 3260 levels.