Trade Oil Futures: More Bearishness Is Available. 20 Novembre 2015.

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Oil Futures:

January 2016 settlement- traded below moving averages and below 61.8% Fibonacci as well along with negativity on ADX.

Trade Oil Futures: More Bearishness Is Available. 20 Novembre 2015.

Hence, more bearishness is available, targeting 40.55, while coming below 40.00 psychological will affirm.

On the upside, a break above 42.80 will give us a rational reason for concern.

Support: 41.15 – 40.500 – 40.00

Resistance: 42.25 – 42.80 – 43.15

Direction: Bearish.