Crude oil slide on drop in US crude inventories : 12 Sept 2016


Crude oil futures closed lower in the domestic market on Friday as investors and speculators exited positions in the energy commodity due to a surprise drop in US crude inventories.

The Energy Information Administration reported a whopping 14.5 million-barrel drop in US crude stocks for the week ended on 2nd September.



Previous day session the crude oil has given short signal @ 3140 and today it is open with gap down . Now it has mark new low.  You can observe further target as per fibonacci level given in chart. 

Running profit ++110 point as per system




Crude oil slide on drop in US crude inventories : 12 Sept 2016 Crude oil slide on drop in US crude inventories : 12 Sept 2016 Reviewed by Money99 on 11:04:00 Rating: 5

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