Crude Oil – 08.05.2017

0
513

Our analysis has been realised on 15.05.2017

**

On our previous analysis we have given a target price of $48 when the Crude Oil was trading around $52. this was the beginning of the sharp drop which was stretched to $44 (please see our previous analysis on http://www.stocks2u.com/en/commodities/crude-oil-06-12-2016/ ). it is trading around $46.30 right now.

**

We believe there will be a further drop to $45.50. Then we shall see a sharp upward movement to $48.50.

**

This cannot be considered as an investment advise!