Since we broke the trendline
highlighted in the chart, oil
has been plummeting. Are we going to find support at 55.69? That seems like the next possible level to me. Where we see bottoming formations develop in oil
, I'll be interested in buying, as I think the fundamentals are going to send oil
much higher in the long run.
View the full discussion and analysis: http://www.informedtrades.com/1879573-how-low-will-oil-go.html