nymex crude oil weekly predictions for 4 to 8 jan 2016

nymex crude oil weekly predictions for 4 to 8 jan 2016
nymex crude oil this week closed at 37.51$ with loss.
wti crude oil weekly chart trend
and momentum both are bearish but with recovery price pattern.
For medium term , crude oil support zones are 34.4$ and 30.15$ levels.
On upside expect strong resistance at 38.8$ and 43$ levels.
For next week , crude oil might continue to recover
and test 38.8 and 43 levels on upside.
long tarders must keep stop loss below 34.4$.
 
 
 
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