Wednesday, June 22, 2011

Crude Oil Update

Take a look at the textbook reversal  at the .382 Fib retrace  , 4th of lesser degree, and 200 sma.

Active Mo.Hourly
click to enlarge
Overlapping 93.24 will likely signal the resumption of the downtrend and a test of 91.52. 
Nearer by the .618 retrace of the last little leg up from 93.24 ought to be an early tell.

No comments:

Post a Comment