Triple top near early June highs for CL/QM (oil). Support is well-defined at 73.75, 61.8%, but we have had almost ten days of straight buying, which increases the chances of a pullback at some point. For now though, stronger economic news helps oil bulls who are gunning for a test of 75 soon.
This entry was posted
on Wednesday, July 05, 2006 at 7:32 AM.
