July crude oil chart. Perfect hit of 76.4% retrace (55.40) and immediate drop. Support is at 50 dma, 53.39 and looks like we're getting a bounce there. Oil is bullish and above 55.40, it's clear skies to year highs.
click on chart for full size
click on chart for full size
This entry was posted
on Thursday, June 02, 2005 at 3:33 PM.
