Charlieab94
Long

US Crude Oil *WEEKLY PRICE LEVELS*

TVC:USOIL   CFDs on WTI Crude Oil
This is my updated price chart for US CRUDE OIL .

Last time I posted this chart, the $44 price support zone provided a good 10% bounce in price throughout the following trading week which proved profitable for intraday trading positions.

Since then price has broken much lower thanks to various fundamental events outside of anyones control.

The $28.50 support zone is a strong weekly support zone which held strong after the previous Crude Oil sell off back in 2014 that saw price fall from highs of above $100 per barrel down to $26.

A weekly close above this support zone should see price begin to climb because in my opinion these current lows aren't sustainable for the industry.

Check out my blog site for more free technical analysis and trading education https://diaryofafinancekid.com/blog/
Mar 11
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