CLJ2 - April Crude

Spinning top reversal into the 61.8 Fib retrace of the AB leg forms point C at 108.18. Ideally AB = CD and Fib reciprocal targets 101.96. 4 Hourly break and close under the 34 ema would confirm the move lower to supports at 105.80/104.30/103.60 then target at 101.96. At this point only a break back above the high would invalidate the pattern and upside target should be the previous 88.6 retracement target near 109.80. Pattern remains valid with first level of support at 104.26 then the 4 Hourly 222 Ema. A move back through the hourly 200 Ema would signal further sideways chop.