Crude Oil: Yesterday's Technical Objective Of 48.20 Reached
ICN.com | Mar 25, 2015 05:25AM ET
Crude oil: Our yesterday’s detected technical objective at 48.20 has been reached easily after stabilizing above 38.2% Fibonacci level. The bounce from this level warns of offering inappropriate risk versus reward ratio today. A break back above 48.30 will clear the path towards 61.8% Fibonacci, but we are currently content with the profits we made since the opening of this week and we will watch out the price behaviors today before re-entering the market.
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