Heating Oil .618 Retrace
Could be a complete series of abc's up from the lows, hitting the .618 retrace point.
Back below 1.75 would confirm a reversal, and nearer by under a .618 retrace of that leg @ 1.7930 would probably do it.
Longer term this would imply a resumption of the downtrend. See Heating Oil Chills
Back below 1.75 would confirm a reversal, and nearer by under a .618 retrace of that leg @ 1.7930 would probably do it.
Longer term this would imply a resumption of the downtrend. See Heating Oil Chills
Comments
Post a Comment