OffTheFloorTrader

Crude on the mat and not looking good

NYMEX:CLV2015   LIGHT CRUDE OIL FUTURES
Crude is getting real ugly. This product will test you. While there is no doubt that oil             in the 30"s is attractive it would be painful to buy on the way down. Nobody...and we mean nobody knows how far crude will go. However, we will watch the Descending Channel for an upside break.
Wow...that would quite a move. We have not looked that low yet. The 35 area is a watch area for us. We are patient and will wait for a solid setup in crude.
+1 Reply
15 could be a firm target... lower 1st standard deviation from 20-year mean

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