Oil analysis: holding crucial support; rejecting from Fibonacci resistance near $100; testing high volume node and value area high.

While we're here, 12 minute time frame chop city daily time frame. This is actually interesting with oil right now. Let's go ahead and take a look at some of this. Let's go ahead and extend even this to the right here. Let's take a look at oil. We've got on oil. We are holding some pretty crucial support on oil. This is a value area high of pretty much everything going all the way back to that spike that we got in February. We're rejecting pretty much perfectly from our zone of Fibonacci resistance. Right. So we got that first back test of the trend line after the breakout rejecting from around $100, which is a key Fibonacci resistance. And now we're trying to hold the high volume note of the mini range and value area high of the local range.