Workflow
50 - Day Convergence
icon
Search documents
Crude Oil Price Forecast: Tight Falling Channel Coils โ€“ Breakout Closer
FX Empireยท 2025-12-02 21:50
Key Support Zone ApproachingThe pattern is driving price directly toward the critical long-term support pocket between the recent higher swing low at $57.21 (C) and the trend low at $56.41 from October. That $57.21 level marked the completion of an 88.6% Fibonacci retracement of the prior advance before buyers defended the level, establishing it as the line in the sand for the entire corrective structure since the October $56.41 bottom.50-Day Convergence as CatalystThe steadily falling 50-day average is now ...