Light Crude Oil prices continue to plunge upon forming a double top pattern after surge in oil prices were unsupported
Light Crude Oil prices remained above 48 yesterday and continues to lie just above the upward sloping trend line
Light Crude Oil dropped sharply to 58.00.
Crude Oil trades under pressure, plunging to YTD low.
Dovish Light Crude Oil forms new low in 2015 after breaking support of 46.82, the support of the sideways trend last week.
Light Crude Oil prices rebounds away from Fibonacci Expansion 127.2% at 48.43 and a possible inverse head and shoulders pattern starts to form