nothing really impressive in the petroleum crude oil CL market, since the volumes are really small comparing to previous ones (see the volumes).
however, the lows are higher and higher, we might expect a breaking of 61.8% Fibonacci level (42.86), if so, the market will be directed to 78.5% Fibonacci level, which is corresponding to the price 52.24.
let's focus on volumes
however, the lows are higher and higher, we might expect a breaking of 61.8% Fibonacci level (42.86), if so, the market will be directed to 78.5% Fibonacci level, which is corresponding to the price 52.24.
let's focus on volumes
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.