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Oil December Review

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Oil - Trend Down? I’d hope for a test of the Medium MA (currently 44.77) which the market duly supplied over the first two days of Nov and also helpfully supplied a Tweezer Top which started the move down for most of the month. The key 50% Fib at 44.33 was sliced through like butter on the way down and only a fear of round numbers saw prices fail to close the first time under 40.00! We have a Bullish Doji which relived the oversold pressure but then selling re-emerged again and we culminated

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