Black Gold will bring Wall Street down with it!
Price has found support on previous resistance level as expected. This is also the 38.2% Retracement level from the low of Oct 15th and the high of Dec 5th.
I am expecting price to enter the DAILY demand zone and 50% Fib level and rally up to top of trend line to test its strength.
Oil seems to be dragging indices down and my expectation is that the Black Gold will keep declining.
I am expecting price to enter the DAILY demand zone and 50% Fib level and rally up to top of trend line to test its strength.
Oil seems to be dragging indices down and my expectation is that the Black Gold will keep declining.