breakdown and lower highs with geoplotics in progress
Russia major player offering $35/barrel to select markets Inadia etc...
should tigger a price war when Shale oil starts to take effect anytime..
Evening Traders,
Today’s technical analysis will focus on CRUDE OIL with its biggest gap down ever, breaking a key local resistance that is likely to be tested with an oversold bounce.
Points to consider,
- Local yearly support breached
- Multi-year structural support in confluence with Fibonacci Extension
- RSI in oversold territory
- Stochastics in lower...
