Where Is The Next Stop For Crude Oil Prices

CRUDE OIL PRICES  TECHNICAL ANALYSIS

Let’s start with the lows at 26$ and the expected run to 50 areas: it was written here 

now I'm going to focus and test the sıtuatıon we have ,There are several interesting things
First, as I mentioned in a previous post - the oil is going to close the Gap area of the $ 40, and it did take place, it is possible to mark V
Secondly, I watched more oil was around $ 50, it would not go away, but will start to decline towards $ 40 where we look at it again
In terms of charts pattern , it shows the picture now is bearish As long as oil is found to be below the level of 43.80 - 44.60

crude oil 

COT  position and  MAP position 

In terms of positions monument, we can see some interesting stuff

There is more room for decline - short traders advantage

pay attention

Periods of May 2015 with oil Positions

Then in August 2015 low

From the rise in price of property

And again in the same story in April 2016

The question is where it stops ……. 

There is more room to press down • Pay attention to the number of positions

oil position 

Technical Analysis:

If oil will move below 39.70 again the next stop will be at 37.20+_, we can see that there is even more room for lower prices numbers 33-35 area, 

for my opinion crude oil expected to meet again 33-34$ 

The trend is bearish as long as crude oil stay below the level of 43.80 - 44.60

Move above will change the trend 

oil analysis 

GOOD LUCK 

This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice