Wednesday, 17 February 2016

WTI Crude Oil will stay above 30usd by End of Febuary 2016


WTI CRUDE OIL


Recent news from OPEC and Non-Opec to freeze the production is the first step for oil producer country plan for recovery.

Most investor are hopping for cut production, but things come up differently. 

From the chart, I see a strong double bottom, and in order for the price the downtrend line, price has to break 33usd.

As for the oil movement, I'm strong believe, more upside movement from oil in coming days.

Good Luck all, Happy Trading

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