ajithchand-bhandaari
Long

Crude Expected to bounce back to 33.25

FX:USOIL   Crude Oil (WTI)
203 0 1
In January 2016 our view was short. We were of the view that any day closing bellow 37.93$ would crash the market to 27.55$. As expected on 04 January 2016 the market closed @ 36.86$ way below 37.93$. and from then on Crude was in continuous flow down side. Crude made a low of 27.53$ just 2 cents lower than our expected low 27.55$. From then there is a bounce as expected. We are expecting Crude to at least come up to 33.25$ in near future.

Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
Trade closed: target reached: CRUDE clears target.
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