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CRUDE OIL Faces Continued Downside Pressure

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 21, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    CRUDE OIL: With downside pressure extended on Wednesday, CRUDE OIL faces continued downside pressure. On the downside, support resides at the 28.00 level where a break will expose the 27.00 level. A cut through here will set the stage for a run at the 26.00 level. Further down, support resides at the 25.00 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 30.00 level. Further out, resistance resides at the 31.00 level. A break

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