Crude Oil - Has broken support

Crude Oil has broken support

As we expected the second launch to break below the support line from 98.75 was successful. That means the downside now is dominant again and we should at least look for a decline to the 100 - 101 area if the triangle scenario we speaked about on Thursday last week. However, a clear break below 100 calls for a continuation lower towards 98.75 and 96.59 to end wave c of B.

Short term the broken support line (now acting as resistance ) at 102.92 should be able to protect the upside, but only a break above 103.10 will indicate a move closer to 103.93 before lower again.

Thomas
2014-08-11
Sublime Counts!
Ananyavrat
2016-06-24
Hi Surfer,

Super calls !! And analysis.

Bravo for your brexit call !!
Whats next?

Ull need to update all indices!

Ananyavrat
Felipe
2014-05-26
Hi,

I recently tried a 30 day membership and I am very happy with the service. Pls keep up the great work!!! I will continue renewing!!

Felipe