Oil Algorithm (Weekly Gen 1). 20MA Fibonacci Support Test. Notes

Oil Algorithm (Weekly Chart Generation 1 Simple Model). 20 MA and Fibonacci support test in progress. See notes. June 3 1014 PM FX $USOIL $WTI $USO $UWT $DWT $CL_F #OIL #Algorithm #OOTT

Support test on the go here with oil in down draft last week and now testing the 20 MA it has been in an uptrend with.

If oil trade loses the 20 MA (light blue) look to the Fibonacci support below (horizontal line) and if it loses that look to the 50 MA a far ways down as main support (purple).

Any questions send me a note anytime.

Peace.

Curt

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