The upturn in US oil is about to hit strong resistance and a short is on in the 44.40 - 44.70 area. The fibs show that 44.53 is a good reversal figure as it establishes the 61.8 area as a legitimate support zone for the the next leg and also the pullback from yesterdays breakout at 43.26 as first line of resistance @ .236........
SHORT at 44.53....SL 44.75 ..TP 43.26.....
SHORT at 44.53....SL 44.75 ..TP 43.26.....
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