As you can see, WTI crude oil broke 66.70, which is a very very critical level looking back at crude oil's history, with a very corrective ascending formation. I expect to see a break of this ascending channel to retest the 66.70 level before continuing its way up towards the 100% Fibonacci Extension at 71.14.
Breaking 71.14 will push oil towards the 161.8% Fibonacci Extension level at 73.87.
Breaking 71.14 will push oil towards the 161.8% Fibonacci Extension level at 73.87.
