A simple analysis of the trend without indicators just following the basic trendline guidance. As we see with don't have an uptrend anymore and that will be more clear the next 2 days. If nothing bad happens again between Russia and Ukraine i think we will go back to the 80-90 dollar region fast. So we go short expecting huge decline and high profit. Good Luck to...
We can see the trend looking for lower lows. Next stop @ 55 usd.
After hitting latest resistance i think the bulls will surrender.
If next resistance breaks we may go up the road. Play safe. Go long @56.40
Bulls going back. The bear is hungry. Next support level 1430
With the latest news bears have take the upper hand. In an obvious downtrend its certain that we will see the 1st lower support levels around 50$.It can rebounce back again or go straight to 45$.We will update later. Sell zone 55 Close at 51 Stop at 57 Please dont bull me because this is my first try to predict something and i know the chart cant explain plenty...