USOIL-IS RESPECTING THE TRENDBASE FIB EXTENSION LEVELS

Finally we can see clear signs of oil rebound.
When theres no historical levels of S/R to support our analisis the trendbase fib extension tool is very usefull, this case is classical.
Here the prices is respecting the
0.768
1.61
2.61 levels
The engulfing bullish candle is my confimation to go long.
Happy Trading.