WTI High

Crude oil is approaching the .76 spot month retrace of the move down from the early Aug  82.97 high to 70.75, that cuts at 80.03, additionally there is a c=a point at 81 on the Nov. contract. This general area (83) has also contained the range for 49 out of 52 weeks. See WTI - Going Nowhere Fast
Given the sharp move down in the Euro this morning and potential for a top being in on the SP ( C=A at 1155) the crude will likely run into trouble again up here.


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