Crude Analysis for January's 2nd Week. I see crude as Bearish hitting $53.13 and $52.58 this coming week. It is possible for crude to break the previous high of $55.21 or get close to it as indicated in the "Shorting Zone." If that point is high I would highly suggest entering with a heavy short position and targeting the target if those have no been hit along with the "Buying Area." Overall I consider week to be bearish.
Note
I see Crude going to $52.3X then crashing below $50.7X after Bearish EIA.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.