WTI completes a 38.2% Fibo, more upside to come?
newscatcher
2021-04-22 23:30
WTI completes a 38.2% Fibo, more upside to come?
WTI bulls in control to a critical Fibo and ride the dynamic trendline support.  Bear's commitments will be tested at this juncture ahead of full upside target.  As per the prior analysis, Bulls look to target prior support, the price has indeed moved higher from support. At this juncture, the support would be expected to hold initial tests. Bulls can target the M-formation's neckline in the meantime. However, a bullish extension target can be measured from the correction's range which brings in a -272% target at 65.

https://www.fxstreet.com/news/wti-completes-a-382-fibo-more-upside-to-come-202104222322

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