Yesterday I shared that Crude oil was attempting to break above its 50% fibonacci retracement level (See post here). I mentioned that I would want to own a breakout and at this time Crude is 1% above the 50% level.

I received several emails asking what the next key fib level would be and where would the next price point be to harvest.  See chart above.  For those that are going long Crude right now, I would want to have a stop at $87.50

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past