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Crude Thoughts

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 22, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    At last a rally as traders sensed some short closing yesterday and it has carried over into today, as I write WTI is $30.91 and Brent $30.84. The WTI price will be watched closely by chartists as $30.85 is the Fibonacci retracement resistance level and a close above that would please them no end. Even if the week does end up well it will be put down to transient, unimportant reasons such as the cold weather about to hit the North East of the USA or maybe IS militants attacking Ras Lanuf again.

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