My blog tries to Analyse the trend and patterns of stocks, Futures, Commodities and Forex Markets
March 12, 2016
CRUDE oil Bottom formation and Resistance levels
Daily time frame is trying to show a V shaped reversal or bottom formation in crude oil. But price need to sustain above 38 levels and move above 200 Day SMA to confirm a bottom formation. Last 2 attempts at 200 SMA resulted in good gains for Bears.