Reference Chart – $WTIC (Light Crude Oil – eod)
Im intrigue. $20. $200. So i draw.
In order to make my analysis 100% correct, I’ll add a little bulletproof.
Here’s the technical analysis magic.
“Unless $50 holds, oil will drop”… hmmm here’s another one…
“If $50 will hold, oil will rise”…. nah that too darn obvious. Lets complicate things a bit.
will try to look sharp and deadly by saying this … “If demand will not pick up, oil will have difficulty to regain back that $100 price tag thus a a $20-$30 price is not far fetch ” #gigols
obviously im not good at it. thus i refer you guys to this wonderful article.