Crude Oil for now supported by fib (Aug. 20, 2022)

During Friday’s bloodbath in several financial assets, Crude Oil held up pretty well, especially given its bear market from the mult-year highs. A reason of support may have been the lowest price fib from the whole move from $60+ to $130+ and down.

Disclaimer> This post is informational only. It is not trading or investment advice! Financial markets are inherently risky. Manage your position size and honor your risk decisions that solely you are responsible for!