The Moving Averages Indicate Bullish.
Current price exacts 61.8 fib. Other indications are that a retrace is highly possible.
A retrace historically (but only once, obviously) is to the 50 moving average before returning to trend.
Much depends upon OPEC's decision tomorrow and others, but the chart is bullish overall.
I anticipate, at least, a charge to 103.
Predictions: Either continued charge upward or a significant retrace.
good luck
Current price exacts 61.8 fib. Other indications are that a retrace is highly possible.
A retrace historically (but only once, obviously) is to the 50 moving average before returning to trend.
Much depends upon OPEC's decision tomorrow and others, but the chart is bullish overall.
I anticipate, at least, a charge to 103.
Predictions: Either continued charge upward or a significant retrace.
good luck
