Paris Market Global LLC - Expecting Price Reversal

I anticipate a bullish reversal in the price action of Crude Oil based on Fibonacci retracement levels. As per my assessment, once the critical level of 2042 is breached upwards, we could witness a significant upward movement in the price. Notably, the current price is in close proximity to the 0.5 Fibonacci retracement level, further suggesting a potential reversal to the upside.

Targets to the upside can be - 2051 and 2057

Trade chiuso: obiettivo raggiunto