R81
Panjang

From Here We either Go to Oil 68 or Oil 31!

NYMEX:CLM2017   LIGHT CRUDE OIL FUTURES (JUN 2017)
127 0 5
* For the past 3 days Oil             Bears got rejected for a downside below the $48:80 and It passed today but bounced back to above the $49 Area

* March bounce was at exactly Fibonacci 50% (Weekly)

* April bounce might be Fibonacci 61.80% (weekly)

If you are a gungho juggernaut trader like myself, then give it a long with a SL of $48.20

If we succeed to take it up above $50.59, then don't sell before it reaches $60.

Anything below the 48 level will take us to the Trough Area which will be the final stage of the bear market (Could go to low of $31 if the $44-$45 area won't hold), If the U.S decided to screw Iran, Russia and China and add the GCC             to the mix.
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