Crude oil has also previosly reversed from 200-day moving averages on the daily graph, making a reversal. This moving average has acted as a strong resistance. I expect it to do the same now, at least until $74. Then we can target $72 with more risk.
USOIL making a bearish flag. sell at 78.30 TP 76 SL 80
This is clearly on it's way to <$20 before the summer. MOEX:CL2! Here is the Daily
Crude Looks Bearish 50.55 Level will be an important level for Crude Since it is 78.6% retracenent from 5th February low till 20th February High Once It breaks Further downside Can be seen 42.50 Is previous Swing Low which can act as a support 40.00 can act as a round figure psychological Support Completing the ABCD formation on the bearish Side Do...