Crude Bounces on Cue

By | December 17, 2014

Last week, I suggested that the spot price of crude oil was nearing a potential bottom, based on a target measured off a multi-year triangle formation. Today the price of the commodity bounced off that specific level, and it looks like a good area to begin a basing process.

46. wtic chart

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.