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Key Levels For Crude Oil With Fibonacci Analysis
Last week's low held 78.6% at 66.10 perfectly and the new Bull run started, it is already through 38.2% at 71.50 and getting close to the long term swing point of 38.2% on the continuation chart at 76.50. Use 76.50 as the DSP for the week. Above it, the short term target is 78.6% back to the 4/12/24 high at 78.80. The long term target is 83.68, this is a major Gann square and 61.8% on the continuation chart. Below it, the short term target is 38.2% back to the 9/10/24 low at 71.50. The long term target is 78.6% of the same move at 67.20. It had one close above 38.2% at 76.50, the high the next day before closing ... (full story)