TECHNICAL ANALYSIS BY NSFX 21.01.2016
Crude has seen price levels drop to 2003 levels. The $25-26.60 area could offer support going forward, and beyond that the $20 psychological level. The 2001 level of around $17 dollars per barrel could come into play is the demand from bullish traders continues to dwindle. The weekly chart attached shows some of the levels and the fall off in the last six months.