lewglasgow
Short

Crude Oil - Bullish 5-0 Review

FX:USOIL   Crude Oil (WTI)
Today we have one for the swing traders on a Daily chart with USOIL             reviewing my analysis posted around 5 months ago with a bullish 5-0 pattern. I'm still sticking to my guns by saying the long term picture for Crude Oil             is bearish!

Straight away you can see price is slowly approaching our 200 EMA which is a decisive point in the market, I expect a spike up creating a new lower high followed by a sharp move to the downside reaching the $35 mark in months to come. In the near future I will be going into the shorter time-frames for additional analysis.

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