ch4otik

OIL BOUNCE

ch4otik Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
As oil headed down, drew these S&R lines from around '08 levels.
This bounce was too clean, so I had to post. We'll see how price moves going forward.
I think it will either head back up from here or bounce around.
If I'm wrong and it doesn't, then down to 20.93 we go. And if things get even worse 18.48
Comment:
Looks like it bounced :-)
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