Crude has continued its downward journey and yesterday went near 50% Fib retracement level. Downside structure is complete and needs to reverse soon. In the next charts, we will see what levels need to be breached to signal a bottom
Previous Article - Crude Oil: Needs a New Low but...!
Crude 4H Chart - August 3, 2016
In this 4h chart, we see that price is near another Fib Time Zone and has completed the red a-b-c count and needs to bounce towards ...Read More
