Crude futures (Light Crude December 2015 – CLZ2015) are testing primary support at $40/barrel. Breach is likely — and would signal a decline to $30*. Respect of support would indicate another bear rally.
* Target calculation: 40 – ( 50 – 40 ) = 30
Crude futures (Light Crude December 2015 – CLZ2015) are testing primary support at $40/barrel. Breach is likely — and would signal a decline to $30*. Respect of support would indicate another bear rally.
* Target calculation: 40 – ( 50 – 40 ) = 30