Crude Oil Technical Analysis (WTI/US Light Crude Oil):
15 November 2016, Tuesday
International Crude Oil is confirming long term supports for long term uptrend. The dark green circles and light green circles illustrate the test as above. When these backtests are successful, crude oil will launch for the next big upmove. These tests form the long term trend tests. 50DMA and 200DMA are to be the LT supports guiding the long term upmove of crude oil in 2016 and 2017.
Crude Oil Technical Analysis (WTI/US Light Crude Oil):
15 November 2016, Tuesday
In the mid term, crude oil is still at the orange support backtest. It wants to finish with its MT backtest too. The orange line is the mid term backtest of support. USD index is now at a super resistance of near 100.00 while crude oil is ossifying the important supports at $43.00.
Worldwide Crude Oil and Oil-related Stocks:
Bullish Bias
(BUY ALL CRUDE OIL, OFFSHORE DRILLING, GAS & CRUDE OIL RELATED STOCKS)
Bullish Bias
(BUY ALL CRUDE OIL, OFFSHORE DRILLING, GAS & CRUDE OIL RELATED STOCKS)
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