As expected in my post on 26th May 2016 crude oil
crashed by 20% within a span of two months. If we look at the given chart of crude the
support exist around 40$ levels.
Even in yearly chart crude is
forming a doji pattern and this gives me enough confidence to say that crude
oil will close this year between 35$ to 42$ while next year can be a bull
market if things go well.
