Below 33, Oil's next major support zones lie at 30 and 25
A close below 32.98 will bring in 31.11 into play in the immediate term.
Unless trend reverses there, longer term, 30 and 25 are the next major support levels. People have tried to call the bottom and they continue to get it wrong. 16 year old support levels break hard. Use your imagination and think outside of the realm of possibilities and you'll likely be close to correctly predicting the bottom.
Unless trend reverses there, longer term, 30 and 25 are the next major support levels. People have tried to call the bottom and they continue to get it wrong. 16 year old support levels break hard. Use your imagination and think outside of the realm of possibilities and you'll likely be close to correctly predicting the bottom.
