Oil price has been a bit soft for a while and many people are concerned that the price is South of $50.00
However, they are going to feel relieved in the next few days as oil recovers and moves higher.
I have three charts here, each with a bullish Fibonacci Pattern, a strong indication that price recovery is near.
Analysts are hopeful that US Oil stocks may have fallen by 1,600,000 barrles this past week that should fuel a rise in price once the numbers are confirmed.
However, they are going to feel relieved in the next few days as oil recovers and moves higher.
I have three charts here, each with a bullish Fibonacci Pattern, a strong indication that price recovery is near.
Analysts are hopeful that US Oil stocks may have fallen by 1,600,000 barrles this past week that should fuel a rise in price once the numbers are confirmed.
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