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Crudeoil analysis
Member Since Oct 02, 2014
909 posts
Member Since Oct 11, 2013
775 posts
Member Since Oct 02, 2014
909 posts
Member Since Oct 11, 2013
775 posts
Member Since Oct 02, 2014
909 posts
Member Since Oct 02, 2014
909 posts
Member Since Oct 11, 2013
775 posts
Member Since Oct 11, 2013
775 posts
Nov 23, 2015 at 02:36
Member Since Oct 11, 2013
775 posts
Oil has found a good support at the 41.24 level and it has formed what it appears to be a descending triangle or pennant on the daily chart. To the upside, the 44.00 could act as resistance, but if oil breaks to the downside, the 40.00 level could act as support.
Member Since Oct 02, 2014
909 posts
Member Since Jan 14, 2010
2299 posts
Dec 02, 2015 at 00:46
Member Since Jan 14, 2010
2299 posts
I might be wrong. But oil looks like looking to make new lows. Looks like consolidation for break down. Inventory news is excellent time either to hit stops or to break some level.
Member Since Oct 02, 2014
909 posts
Member Since Oct 11, 2013
775 posts
Member Since Oct 02, 2014
909 posts
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