Intraday 4:
If Dec crude loses 58.15, they will try and take that contract right to a test of previous low for Nov contract at 57.70/57.80. Barring a complete meltdown, it should hold and provide support going forward. If that level is not meant to hold, the drop below could be pretty significant. I doubt it though, not until inventories on Wed.
This entry was posted
on Monday, October 23, 2006 at 8:36 AM.
