Crude Oil - Weekly close above 54.75 $ gives potential to achieve next target price @ 57.72 $
which will be the resistance level @ 57.72 (0.236Fib) & EMA200 @ 57.53 $
which will be the resistance level @ 57.72 (0.236Fib) & EMA200 @ 57.53 $
Commento:
Oil price hit the EMA200 and completed the fifth wave up , I expect light profit gane it may take the price down to 55-54 $ then it will rebound strongly given the current political circumstances are likely to lead prices up to the 60-70-80 $ levels.
