Trade4God

Is this a double bottom or just another head fake?

Long
FX:USOIL   CFDs on Crude Oil (WTI)
Hello oil traders, happy Friday! It has been a while since I have posted and have just been sitting back taking all this chaos in and looking for the bottom. Is this a double bottom here and is oil on the way back up? I am not sure, but if you can go long and I mean really long, (4-6 months) you stand a chance at doubling or tripling your investment. The fact is the world and oil tycoons in general, will not tolerate cheap oil, it is simply not sustainable. It will go back to the $40-$60 range, which is where it is most comfortable. The only question is when? Take care my friends and trade safe!
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