Title: "Technical Analysis of Petroleum (OIL) in 1D: Exploration of a Parabolic Rise"⭐🌟💢💥💫🌕
Subtitle: "Price Outlook and Short-Term Targets"💦😁🌖🎗🏦🏦
Introduction: In this technical analysis, we examine the behavior of oil (OIL) in a daily timeframe, highlighting a recent parabolic rise. This rise propelled the candle higher, followed by a correction to the Fibonacci zone between 0.618 and 0.786. We will discuss the prospects for a bullish recovery, targeting the expansion bars 1.272, 1.414 and 1.618.🚀💥🔥
Summary: The parabolic rise in oil (OIL) has led to a correction towards the Fibonacci zone, providing traders with buying opportunities. Next price targets include the 1.272, 1.414 and 1.618 expansion bars, with the potential to target the 2.414 expansion bar in the longer term.#Oil#OIL#TechnicalAnalysis#ParabolicRise#Fibonacci#ExpansionBar1272#ExpansionBar1414#ExpansionBar1618 #ExpansionBar2414🚀💥🌕🌕
![](https://public.bnbstatic.com/image/pgc/202404/bab65cd6c1a03629e5068407f0f54510.jpg)