New York time: 00:00:00
Local time: 00:00:00
Newsletter RSS 

Time to be Long Crude!?

Top



Our Services (Video Tour)
         Twitter           Facebook          Subscribe to our newsletter

January 26 2012

Oil found the support in this week around 97.45, where could be a start of a new impulsive bullish cylce after some choppy and overlapping downward price action seen lately. Notice the recent swing also occurred from 50% Fibo support, which in many cases provides important reversals in trend. As such, we suspect that prices will revisit January highs, but we still need to see a break through the falling channel resistance line and 102 swing high that will lock the current lows!





Newsletter archive