The move feels over-extended and if we can get a close above 108.25 then we might correct much higher. The only problem is that Asians are going to walk in to news that US increased oil supply in the market and possibly start selling. We hit a counter trendline , 50% fibo level is at 108.20.
Update, currently trading above the 50% fibo
Update, currently trading above the 50% fibo
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