Wednesday, January 19, 2011

Crude Oil | Morning Analysis | 19 January 2011

Crude Oil | Morning Analysis | 19 January 2011

Crude will continue a decline in a series of upcoming waves and over the next few trading sessions.

The sharp correction we saw as of late may be over, but with crude holding its recent low, a pop above 90.84 cannot be ruled out.

However, as the pattern now suggests, crude oil is bearish against 92.58 line.

January 19, 2010 - by
David Frank, Financial Analyst, Ava Fx