Wednesday, January 20, 2016

Fibonacci Patterns January 20, 2016 Crude Oil

Interesting Fibonacci Patterns on Crude Oil


Crude Oil today has taken one terrible pounding and brought world markets down by a huge amount. There is tremendous apprehension as to what will follow as the new day begins in Asia.
Some important developments are revealed on the technical charts. Have a look at these Fibonacci Patterns.


First the Daily Chart


Image Fibonacci Pattern, bullish AB=CD





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