Tuesday, December 18, 2018 11:47:51 AM
Spot crude collapsed again today, hitting a low of $47.28/bbl. Based on an epic trend line and pivot support, pro traders are buying oil here for a lengthy bounce. Note the chart below. Oil was trading north of $77/bbl just a few months ago, now down almost 40%. This level should yield the first multi-month bounce in crude. Oil could see a move as high as $60/bbl over this period.
Gareth Soloway
InTheMoneyStocks
Recent OIL News
- Optiscan、メイヨー・クリニックとノウハウ契約を締結 • Business Wire • 05/14/2024 11:23:00 AM
- Optiscan signe un accord de savoir-faire avec la Mayo Clinic • Business Wire • 05/13/2024 09:29:00 PM
- Optiscan unterzeichnet Know-how-Vereinbarung mit Mayo Clinic • Business Wire • 05/13/2024 09:28:00 PM
- Optiscan Signs Know-How Agreement with Mayo Clinic • Business Wire • 05/13/2024 02:00:00 PM
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM