USOIL WTI crashes drops to lowest since 1999 - Level to be alert
Oil prices have crashed below $15. The black gold continues suffering from lack of demand as economies remain in an induced coma amid the coronavirus crisis.
Andrew's Pitchfork level to be alert:-
- Currently high probabilities level retracement on 2% as complete cycle at range between $14-$15 after breaking below 1.618
- Most extreme condition that it will falls towards 2.618 level at $6 per barrels
Conclusion:-
Price at this 2% fibo level - high probabilities to make retracement/reversal point
Andrew's Pitchfork level to be alert:-
- Currently high probabilities level retracement on 2% as complete cycle at range between $14-$15 after breaking below 1.618
- Most extreme condition that it will falls towards 2.618 level at $6 per barrels
Conclusion:-
Price at this 2% fibo level - high probabilities to make retracement/reversal point