US Oil is approaching our first support at 65.17 (horizontal swing low support, 100% Fibonacci extension, 23.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 70.92 (horizontal overlap resistance, 50% Fibonacci retracement)
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price.
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price.
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