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Crude OIL : Downtrend Could Be Finished Soon

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 29, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    As expected, crude oil has extended down to a new low, and reached area beneath $30 dollar per barrel from where price has turned sharply to the upside. Therefore we may have seen a low, so we should be aware of more upside in days ahead. However, we will remain skeptical regarding the bullish price action until we see break out of a downward channel and rally through 38.53. Only then we would look for a major bottom in place! Crude OIL, Daily

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