Oil 38,2%-61,8% Fibonacci range

This week the oil price is moving in the range of $82.50-$87.00, and we need a break above or below for a potential future trend. By setting the Fibonacci on the chart, we see that the oil price movement is between 38.2% and 61.8% of the level.
FibonaccinatgasOilpricesidewaysupportSupport and Resistancetrend

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