Today had some big impulsive moves up in #oilfutures...only to come crashing down twice. And they were big retracements to the 76.4% Fibonocci. Today stalled again at $61.70...if the 76 Fib retracement pattern holds we should see a dip down to $61.20. It is strange to see this pattern off of a 3 wave correction so as always...we let price action dictate our opinions.
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