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Wednesday, 17 February 2016
Light Crude Oil Technical-Volume Analysis: 17 February 2016, Wednesday, 6.30pm Singapore Time
Light Crude Oil Technical-Volume Analysis:
17 February 2016, Wednesday, 6.30pm Singapore Time
Attached above is the technical-volume analysis of Light Crude Oil (WTI Oil).
High volume brings about price rise and high volume fails to bring about price fall as illustrated in the 2 points in the attached chart: a brewing of major crude oil rebound by the smart monies is at work now.
Crude oil has already found a rock bottom. This is the true bottom in all Crude Oil Markets and, henceforth, Crude Oil Stocks worldwide will be forming a true bottom in 2016 as well.