WTI oil futures for November delivery turned indecisive after failing to pierce the floor around the 23.6% Fibonacci of the downleg from 76.87 to 42.53 last week. The short-term bias,on the other hand, remains negative as the price is trending below its moving averages, the RSI is showing no improvement below its 50 neutral mark, and the MACD keeps strengthening under its red signal line. A breach of the 23.6% Fibonacci of 50.87 could initially stall near 49.40 and then around the 47.00 mark, but it would turn the neutral medium-term picture to a negative one ...
Joined Sep 2017
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Status: Still a total mystery
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Yeah but it has been holding rebound rather good! Does not to go down to the "bottom" for the hell of it...
But I think the STEAM will dry out.. so we can go SOUTH again within a week... I believe.