Looking to sell UCAD at the 127 and 161 Daily fib levels. Blue and red arrows show the possibilities. UCAD is moving in correlation with US Oil to a retest of $58-$60/barrel. I see oil heading back down over the last 2 quarters of the year to retest the $51.64 level then continue to test $48.11 area.
There is also a possibility of Oil retesting the $66.58 area before the drop. Link below to US OIl Analysis.
There is also a possibility of Oil retesting the $66.58 area before the drop. Link below to US OIl Analysis.
