In January 2016 our view was short. We were of the view that any day closing bellow 37.93$ would crash the market to 27.55$. As expected on 04 January 2016 the market closed @ 36.86$ way below 37.93$. and from then on Crude was in continuous flow down side. Crude made a low of 27.53$ just 2 cents lower than our expected low 27.55$. From then there is a bounce as expected. We are expecting Crude to at least come up to 33.25$ in near future.
Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.