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WTI Crude lower as expected & breaking February contract lows was not a surprise

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 07 January 2016 WTI Crude February contract WTI Crude lower as expected & breaking February contract lows was not a surprise. Important trend line support at 3405/00 was tested & although we over ran it was only as far as 3377. For the first time in as long as I can remember I am almost tempted to start thinking about longs in oil. Why? 1. We held December lows. 2. We held important 9 month trend line support. 3. We are fairly close to 2009 lows at 3270/3240. We are

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