GoldBands

Crude Oil Trades to a Low of 47.35 Before Rebounding Sharply

Short
NYMEX:CL1!   Contrats à terme sur pétrole brut léger
Crude Oil dropped off 1.5 dollars, sharply breaking through the previous pivot low @ 48.20. However, at the end of the day, on the heals of the EIA report that there was a bigger than expected draw on crude oil inventories, the price of crude rebounded to close @ 48.10. In spite of the retracement, I am still bearish on Crude and expect a drop down to the trend line and lower Bollinger Band @ 47.00.

If you like this post, please click the Lick button, tell your friends, and re-Tweet!

Disclaimer: This post is for educational purposes only. Trading is at your own risk.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.