fundamentally with oil prices recovering from its lows and oil suppliers looking to increase market shares "news linked below" and technically reaching 200 days moving average, so a pressure on oil prices expected.
we can see from the chart that a bearish ABCD pattern have formed and i have insert price target in between 38.2%-61.8% Fibonacci retracement first 60 and second 54.5.
we can see from the chart that a bearish ABCD pattern have formed and i have insert price target in between 38.2%-61.8% Fibonacci retracement first 60 and second 54.5.