Tuesday, April 25, 2017

Light Sweet Crude Oil as At April 25, 2016

Oil price has been a bit soft for a while and many people are concerned that the price is South of $50.00

However, they are going to feel relieved in the next few days as oil recovers and moves higher.

I have three charts here, each with a bullish Fibonacci Pattern, a strong indication that price recovery is near.

Analysts are hopeful that US Oil stocks may have fallen by 1,600,000 barrles this past week that should fuel a rise in price once the numbers are confirmed.




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