Crude Trying To Bottom

10/09/2008 9:36 am EST

Focus: COMMODITIES

Thomas Aspray

, Professional Trader & Analyst

chart

Crude has dropped another $15 over the past two weeks, but is trying to form a short-term bottom. The intermediate-term analysis is still negative but a 38% rebound could take Nov. Crude back to the $110 area. The daily RSI shows a positive divergence but needs to move above 50 to signal a low.

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on COMMODITIES

Keyword Image
Top Picks 2019: B2GOLD (BTG)
4 hours ago

Gold bottomed in December 2015 and momentum has been shifting to the upside since then, with gold&rs...

Keyword Image
Top Picks 2019: Mene (MENE)
01/15/2019 5:00 am EST

You might not yet have heard the name Mene (Vancouver: MENE), but you could soon enough, especially ...