Hitto_lupa

Time for Crude Oil to recover?

Long
Hitto_lupa Updated   
CAPITALCOM:OIL_CRUDE   Crude Oil
We saw an aggressive downtrend in the terms of Crude Oil chart, after hitting one of its highest peaks, which counts 256 days with an approximately 42% decline from that peak, as of chart reveals, a bottom has been formed, but is invalid for continuing the downtrend, so, is it "before it's time" bottom? the long bear period tells us that a good possibility is that the answer is YES.
Trade active:
Upward movement started
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