WTI Oil - Negative Sentiment Established After 200 Pips Gap Lower Opening

Discussion in 'Technical Analysis' started by Kaitlin, Apr 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Crude oil fell to 37.61 session low, on strong (about 200-pips) gap-lower Monday’s opening, after meeting of oil producers on production freeze failed. The outcome of the meeting was more or less expected, following a number of comments during previous weeks, with notion being supported by strong bearish technical signals.[​IMG]

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