CL1!: Will We Break The Bottom Of 2009 Demand Zone #Crude

NYMEX:CL1!   Light Crude Oil Futures
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This is the most important question you should all have- will our shorts break the 2009 major demand zone?

If not, we could sink significantly further, which will spike USDCAD             significantly. You should have taken your shorts a while ago now here, and definitely should have gone long with USDCAD             at the same time.

Whilst Crude is in a storm at the moment, if we break the lows of the 2009 demand, we could see real low prices, and if we break, this idea with suggest ideological targets and areas to consider TP's/Entries, etc.

Best of luck with your trading,

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its not only crude that is falling... if we look around which commodity is in bull trend? so expect more penetration.. 32 i think is near term my view and possible 28 as well.. the reason i say.. is we are still in seasonal bull trend of usdcad and seasonal bear trend of oil...

Oil and usdcad start going opposite directions in end of Feb. and in March.. so till that i expect both to continue in same directions... retracements will be buy in usdcad and sell in oil...
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