Crude oil price analysis
Price ranges from $ 10 to $ 20, examining the level of support in the 9-10 area and now if 26-28 $ will cross up then we should expect to meet 34 $ and even exiting the move towards closing the gap in the 40 area
The second scenario is like that: the price will plays at a price level of 23.69+_ up to 16.80 and then 11.60-12.60 or even fall again to the 9-10 region and from there rise to a region of 33-34 $
see below the similar to 2014!
the inability to cross 23.69 $region will send the oil to lower prices
key price for crude oil stands on 23.69 $ +_
risk rewarded chances to take a position by short or long should be considered by examination of all variables
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| crude oil analysis |
cot position map analysis :
see similar behavior in late 2014 & beginning 2015!
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| oil position |
see the similarities between those two scenarios
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| crude oil technical analysis |
This review does not include any document and/or file attached to it as an advice or recommendation to buy/sell securities and/or other advice
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