Bullish Signal - but potential resistance inbound #oil #trading
Not putting my money where my mouth is with my oil TA - not trading it anymore, so take this for 10mins of passing TA.
This looks a bit overdone on the uphill climb, however there is a great deal of macro events promoting this rapid climb. We can see here we are due for a FIB retraement point very soon.
Still see oil in an overall bull trend, that is still intact however I would be weary of a potential Fibonacci retracement.
This looks a bit overdone on the uphill climb, however there is a great deal of macro events promoting this rapid climb. We can see here we are due for a FIB retraement point very soon.
Still see oil in an overall bull trend, that is still intact however I would be weary of a potential Fibonacci retracement.