USOIL
Added 2024-09-13 13:11:25 +0000 UTCOil is making tough work of this 0.5 Fib at $64.70
Price was tested this week and bounced back to $70 now directly after the debate......likely giving an indication that the market is moving towards a Harris advantage right now
Trump and Vance have often said that as soon as they enter office, they will give the green light to 'Drill, Baby Drill', concerns here is that supply will be flooded and thus lowering the price.
A Harris win may not have this concern.
Either way, 0.5 Fib level needs to hold and its been tested now since early 2023
Losing this level and the very obvious 0.618 Fib is waiting at $49.40
A hold here and I am buying IF there is a pull back here.
Comments
Agree
Gareth Neary
2024-09-13 13:24:20 +0000 UTCWould love to see price at .618 fib. Back up the truck.....
Dave
2024-09-13 13:21:10 +0000 UTC
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