On nice momentum and volume, price for crude oil has recently resolved higher. It has previously touched our '1st stop' 38.2 fib target and needed some time to decide if it really was bullish. That decision seems to have been made and a serious test of the Optimal Trade Entry (OTE) short zone (61.8 to 78.6 fibs) ought to be expected. Additionally, that level also represent a key high, so a test of that level seems appropriate.
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If my charts help you, or you use my indicators...
please consider a BTC donation to allow me to
continue my work :
1EBttA56cWsgtsZn83VGiNT8si7inZV5Z5
& follow me on Twitter @CRInvestor
Additionally, if you have questions about my indicators feel free to inquire as to when my next Google hangout tutorial session is scheduled so you can ask me in person...
(or go here: www.google.com/calendar/embed?src=YTJscj...)