The price is at a strong support zone, which could stop the falling market and pushed it upward in January 2016. How will it be this time? From TA point of view, a reversal signal from the support zone is good for buying. But FA tells us that the oil has the potential to keep falling. It will be possible to see 25.00 and even 20.00 levels. Buying right now is rather risky. But when there is positive fundamental news, the price of this asset will become very interesting for opening long positions. Add this market to your watch list in order not to miss a good buy opportunity.
Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.