My blog Analyses 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.