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Retracement on Crude hit 0.618 fib. Correction over?
TheCasualThinker
CURRENCYCOM:OIL_CRUDE
None
Trend Analysis
Wave Analysis
Crude Oil
Crude Oil WTI
5
0
trendanalysis
waveanalysis
crudeoil
usoil
Price recovery on oil has reached 0.618fib, at $18, will the recovery/correction continue? Or is the larger downtrend going to take over? I still don't see any demand for oil fundamentally, my bet is we probably go down again.
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