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ch4otik
Feb 11, 2016 5:55 PM

OIL BOUNCE 

Crude Oil (WTI)FXCM

Description

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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