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What's in store for 2016? Oil to bounce from $34; Dow reaching critical levels

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    An outlook for 2016 including stocks, the Dow Jones and Oil were covered by David Paul, Managing Director for Vector Vest, when he joined Nick Batsford and Zak Mir on the Tip TV Finance Show. Key Points: In terms of oil, Paul noted that $34 would be a level where we may at least see a bounce in the oil price as a falling wedge formation can be seen on the chart. Bellway had a great trading statement, and was up again this morning. Paul commented that with earnings per share rising and with the

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