On key support for Crude Oil but if it fails where next?

On key support for Crude Oil but if it fails where next?

On key support for Crude Oil but if it fails where next?

30th January 2020

 

Crude Oil has had a major fall this month having reversed off the 2nd Standard Deviation High (64.51) for the previous 12 months trading activity.  See Fig A

Crude Oil has found some interim support at the 12 months lst Standard Deviation low (52.34).  See Fig B. The market should continue to find support here, but if it fails very strong support should kick in at the 3rd Standard deviation low at 46.48; as this is also the most trade consensus area for the last 60 months.  See Fig C

 

 

 

 

admin

nscarr@quantlogic.com

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