TRDVMA

When will Oil bounce back?

FX:UKOIL   Crude Oil (Brent)
171 0 0
We are currently at a weekly important 2008 support level. Significant trend lines and Support lines have been violated due to the extreme weakness of Oil             (check out red trend and support lines at the red circle area on the chart). Will this very important 2008 support will hold? Personally I think yes. All the wave counts seem to be complete.. I expect a bounce back from this support and oil             shall go back to 55$ in the short term. Wait for a Thrust signal (decisive). Good Trades.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out