Fibonacci says it's a 4x from here, $12 at current oil prices, within the $8-12 range I'd been calling for.
Other potential pivots (at current oil prices).
- $4.2
- $7.2
If Oil goes up and the chart structure holds - that effectively would be compounding in USD terms.
@JayNisbett
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@JayNisbett
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.