* For the past 3 days Oil Bears got rejected for a downside below the $48:80 and It passed today but bounced back to above the $49 Area
* March bounce was at exactly Fibonacci 50% (Weekly)
* April bounce might be Fibonacci 61.80% (weekly)
If you are a gungho juggernaut trader like myself, then give it a long with a SL of $48.20
If we succeed to take it up above $50.59, then don't sell before it reaches $60.
Anything below the 48 level will take us to the Trough Area which will be the final stage of the bear market (Could go to low of $31 if the $44-$45 area won't hold), If the U.S decided to screw Iran, Russia and China and add the GCC to the mix.
* March bounce was at exactly Fibonacci 50% (Weekly)
* April bounce might be Fibonacci 61.80% (weekly)
If you are a gungho juggernaut trader like myself, then give it a long with a SL of $48.20
If we succeed to take it up above $50.59, then don't sell before it reaches $60.
Anything below the 48 level will take us to the Trough Area which will be the final stage of the bear market (Could go to low of $31 if the $44-$45 area won't hold), If the U.S decided to screw Iran, Russia and China and add the GCC to the mix.