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Crude: Brent Stages Short-Covering Bounce from $30

Discussion in 'Technical Analysis' started by Kaitlin, Jan 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Both oil contracts dipped into the $30-a-barrel territory this morning before bouncing back sharply, driving stocks higher with them. The rebound looks to be driven first and foremost by technical factors, as described below. The short-covering bounce may have also been triggered by speculation over an extraordinary meeting of the[​IMG]

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