Light Crude Oil Futures Are looking for new highs

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We see a strong pullback from buyers after an important down Mouvement crossing trend
resistance line and the VWAP Price line, there is a great probability that the price will run to the
VWAP price line During the upcoming days..

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Hello, everyone,

After our last forecast on CL1! posted on 02/05/2020, the price makes a nice 5$ up movement now we are reaching the 0.786 Fibonacci level.
we expecting:
PROB 1: a great probability for a rebound at that level.
PROB 2: continuing the up movement if thee price cross 0.786 Fibonacci level and a great probability to reach the next fibo level.

Kind regards.
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