Crude Oil Set To Rise

Crude Oil Set To Rise

July 9, 2009

Crude oil has been feeling the heat lately so let us see what is happening.

In this 3 minute video you will see that we can easily forecast where the price will fall to before finding support and making a recovery.

Over the past eight days we have seen the price fall from $73 a barrel and we are expecting a low of 59-59.51. The pattern is a typical double top with a pivot point from which we can measure the expected low.

Furthermore, using a combination of the MACD which has crossed over showing a negative, our Trade Triangles which only show positive in the monthly forcast and the Fibonacci tool, this prediction is confirmed.

So we are expecting crude to find support and turn around into positive territory at the 59-59.51 mark.

Let’s see what happens.

My regular readers will know that this Crude Oil video is free to watch and there is no need to register

Let’s hear from you on the blog!

All the best,

Go to it,

Good Trading,

Tom Nadir

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