Mark me if I'm wrong, but this looks like a breakout for oil... Not entirely certain since USD is at 1 year lows and perhaps will reverse upwards putting pressure on commodities.
If this does correct to the green box (fib .5-.618) then I may take a long position here.
If this does correct to the green box (fib .5-.618) then I may take a long position here.
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still waiting till it breaks through green zone before I could say this might be short...