Watch for Oil to bottom @ $25 in 2016

By | January 18, 2016

Watch for Oil to bottom @ $25 in 2016

Oil-WTI-Weekly

Oil is having a divergence on the weekly. During the downtrend of 2014, the weekly MACD (green line) was bounded by red signal line. It has since went near 0, and is coming down again. Usually, when such a thing happens, it signifies the final leg of the trend. It can also be seen as a divergence. Fib targets $25 as the bottom

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