Oil (CL/QM futures) starting to log in some bear flags. We are still in an uptrend, but the lower highs and failure to close back above the 20 and 50 day moving average confluence at 71.275 could be setting up a potential test of trendline support now at 69.30.
This entry was posted
on Thursday, June 01, 2006 at 8:46 PM.
