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What Next for Crude Oil?

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 31, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The past few weeks have provided a much needed shot of energy to crude oil bulls but, despite a short lived rally, the risk of sharp declines still persists. Subsequently, despite an admirable push towards the top of the bearish trend line, the commodity ultimately failed to cement a move to the upside leaving us with the question of what next for crude oil. Firstly, it was largely no surprise that crude prices have declined following the release of the last round of EIA and API figures, which

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