Time Frame - Short term
Overall Trend - Downtrend.
Our Bias - Short
With crude oil tested the downtrend trendline at 41.50, if price continue to break down, we will see it go down to 35.00 as first target.
In view with longer time frame, as price has been consolidated over the prolong period of time , we are expecting the drop could accelerated to $26.
Overall Trend - Downtrend.
Our Bias - Short
With crude oil tested the downtrend trendline at 41.50, if price continue to break down, we will see it go down to 35.00 as first target.
In view with longer time frame, as price has been consolidated over the prolong period of time , we are expecting the drop could accelerated to $26.
