Tuesday, August 25, 2009

WTI Update

Following fresh highs 74.97, the WTI was sold down from the target zone. Pls see WTI Heads for Fresh Highs in Final Move . Since this mornings 1.60 drop it's bounced 50% in a classic abc. New lows on the day are likely setting it up for a test of 72.00, an overlap and .382 retrace of the move up from 67.46

Click on Chart to enlarge.

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