WTI Fibonavci Support Resistance Zones: Crude Oil as of Jul 16

These zones are calculated using Fibonacci Ratios of past price moves.
Fib extensions and retracements are projected forward in time and price.
If price bounces or reverses, it will probably do so at one of these zones.

Some zones will match previous highs and lows, since Fibs are derived from the extremes.
Some zones will not match anything previous, but they are Fib multiples and THOSE are the important ones.
Zones that are far from current price will be either WIDE or just a LINE. Just a line indicates important Fib Ratio.

Where prices overlap on the zone lines, drag the Right (price) Axis up to magnify and reduce overlap vertically.
There are zones above and below the current price range, Drag the Chart up/down to see other zones.
Drag bottom axis to the left to magnify the candle size to view close up, or to the right to view larger time frame.

I will update as new zones are defined by upcoming Fibs.

評論:

Crude Oil noticing all of the Fib zones precisely thus far

I am completely out of touch with the fundamentals so am not trading Oil right now, but good to know that the Fibs WOULD have helped me were I trading.

評論:

Wow, no idea what news might caused this drop, but it plunked EXACTLY to the fib zone below

評論:

Still stuck in the consolidation zones.
When it breaks out in either direction, it might be violent.

評論:

Zooming in and those lines look PERFECT

評論:

Even in sideways markets, the Fib Zones offer great trading opportunities.

評論:

WOW, so it has been Four Months since I posted these zones, and here we are testing the lowest registers

that is a snap shot of the above chart, only in 4h and shrunk for overview. Most of the zones did their job perfectly