Has Crude made a bottom - Follow Up (4th January 2015)

NYMEX (WTI) Crude makes a bottom at $37.75 and flies off toward $43

Trend change would be above $48 .... On weekly chart Crude has made 5 wave decline and A-B-C correction on broader picture ....

A Positive divergence in mechanical indicators has initiated a bounce ....

Weekly Chart

Bang On !!! Crude took a support near lower end 38 (37.75 low)  odd levels and reversed sharply as anticipated on January 2015.

(Source: http://swing-research.blogspot.in/2015/01/can-crude-oil-regain-some-charm-in-2015.html )

There is a belief that "Technical Analysis is Only for short term .... While objective Technical Analysis approach can assist in interpreting the markets even in long term from months to years ....

What is Next in store for Crude Oil ? 

One of the most consumed Commodity across the globe ?

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