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Crude Oil Bounces Back

Discussion in 'Technical Analysis' started by Kaitlin, Nov 11, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Crude shorts are feeling the squeeze today, as both Brent and WTI contracts have bounced off their bullish trends around $47.00 and $43.60, respectively. Ahead of the US stockpiles reports this week and after a 4.5-day sell-off, I wouldn't be surprised if oil finds a base at these levels, although[​IMG]

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