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simonsays452

Almost made it. Important decision point for Crude.

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CFDs di Minyak Mentah (WTI) (FX:USOIL)  
simonsays452  
FX:USOIL   CFDs di Minyak Mentah (WTI)
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Almost! We almost saw oil break down through the 76.4% fib retracement and solid support on the week at 46.86. Instead, we saw the last NYMEX trade close with a 47 handle. Expect to see the futures close at the lows of the day today. This brings up a really important decision point for the trajectory of oil. More analysis to come, shortly. Looking forward to the 3:30pm CFTC Commitment of Traders release.

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simonsays452
Talk about rejection! Oil destined for $42.00
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