Oil continues to sell, day after day - down 10 out of the last 12 trading sessions and approaching the lows of the year. Will oil hold this level or will the 2008 lows be tested? Can it be possible for oil to break all the way down to 33?
I think if 44/45 on oil doesn't hold, 40 will break. If 40 breaks, we will see a test of 33. So, the line in the sand is 44/45. Watch that mark.
I think if 44/45 on oil doesn't hold, 40 will break. If 40 breaks, we will see a test of 33. So, the line in the sand is 44/45. Watch that mark.