Vincemushi

Oil price action analysis for 2016

NYMEX:CL1!   Light Crude Oil Futures
The EMA 100 for the weekly chart is the crucial indicator. If it did cross it, there will be a bullish rally to $60. If it didn't cross the EMA 100 will act as strong support for the price to test and retrace back to the minor zone at price around $40.
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