Oil Technical Analysis
Oil tested the 94 level this week and failed to break this level.
If you notice, the rise from the $94 level to the point A was faster than the fall between A-B. In this case, it shows that wave B is a corrective wave.
A rise to 0.5-0.786 fibonachi levels can be seen.
I do not expect a new peak in oil.
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Oil tested the 94 level this week and failed to break this level.
If you notice, the rise from the $94 level to the point A was faster than the fall between A-B. In this case, it shows that wave B is a corrective wave.
A rise to 0.5-0.786 fibonachi levels can be seen.
I do not expect a new peak in oil.
💙If you found this post helpful, please like and follow to support.