2008 was the last time US crude oil saw prices above $113. Using the monthly chart and the Fib retracement fan, I am expecting oil to continue onto the price $120 at minimum with a resistance of $148 or 0 on the Fib scale.
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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.