CRUDE OIL - DAILY FORECAST

23 thg 6, 2014

Since the beginning of 2014 the price fits into an uptrend channel (red lines), in the same way, from May to late June, the price is on an upward channel, and the price converges in a zone where the price getsto an oversold position, moreover, the price has already pass through the previous resistance, and now support, so we wait until the price goes to meet the inferior line of the channel and the previous support, we should expect some bullish price action in lower time frames in order to get long