NYMEX:CL1!   Light Crude Oil Futures
Oil
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oil
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-ho...


do people look at log chart or the regular ones more?
Perhaps we're close :)
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