Crude Oil is near the Fibonacci 50% retracement from the mid 2008 high of 6370 to the December 2008 low of 1940. If we remain comfortable above this 4100-4200 zone then the next stop is the 61.8% level of 4670.
Showing posts with label crude oil. Show all posts
Showing posts with label crude oil. Show all posts
Tuesday, February 1, 2011
Crude Oil Update
Crude Oil is near the Fibonacci 50% retracement from the mid 2008 high of 6370 to the December 2008 low of 1940. If we remain comfortable above this 4100-4200 zone then the next stop is the 61.8% level of 4670.
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