CL1!: Will We Break 2009 Demand Zone And Hit Lower Lows? #Crude

NYMEX:CL1!   Light Crude Oil Futures
529 5 9

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,

NOTE: I offer face to face and online personalized trading tuition.I also offer professional level signals packages. With big discounts at the moment, this is a good time to get involved if you're serious about trading. Message me on Trading view or email me with the email address on my Trading view page if you are interested.

Thank you,
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I wanna see your pet dog's account statement haha.
You made my day Tom.
Hope you have a great weekend, and great post as usual.
Lol, my Pembroke Corgi just through this together. Looks like the February contract rollover this week needs to keep us above 35.6, otherwise there will likely be further downside short term. There was some major denying in last weeks weekly candle!
smitheric1970 PRO smitheric1970
smitheric1970 PRO smitheric1970
This is that same red level on the February contract
Thank you Tom! I know people refuse to believe it. For me it’s very clear too. It’ll drop to 20 and will trade between 10- 40 for many years. Also CAD is easing now, which is an hidden chance from many people. When I was analysing the DXY, I compared it with gold price in 2009 and 2004. I realized that FRB had failed to control inflation for many years because of US government was short of financial budget which should have been used for rising more rates. Now they are at the final stage of pushing inflation to 2001- 2008 level. So for less sensitive, they are pressing down inflation by devaluating G8 currencies.
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