Charlieab94

US Crude Oil *PRICE AT KEY SUPPORT ZONE*

TVC:USOIL   CFDs on WTI Crude Oil
US Crude Oil has fallen over 30% from the current yearly highs, this represents a massive discount on long term potential bullish positions.

$44.00 has provided support for price multiple times over the past few years and a bullish daily/weekly closure above this price level could see buyer confidence come back in to the market.

It would be nice to large volume increase at this current zone.

Alternatively, a break through this zone could see price continue to fall to the next major support at $28.50 per barrel. This would be a near free-fall for Oil as there is little to stop it once this zone breaks.

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Mar 03
Trade active: The $44 price zone seems to have held strong and bullish momentum is returning to the markets.

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