There are no indications of a reversal in Crude Oil’s downtrend yet, even as the lowest Fib would suggest that the market maybe presenting an entry opportunity. Till then, as they say, the trend is your friend until it bends.

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