Technically Speaking
Resistance at 52 held. That level has not been cleared since October 2015. It looks likely that oil will retest the early August low at ~40.00.
What to do?
I think the top of the range has clearly been established at ~52. If we get to 40, we will see if it holds. For now, that is the range I would look to trade 40-52.
Resistance at 52 held. That level has not been cleared since October 2015. It looks likely that oil will retest the early August low at ~40.00.
What to do?
I think the top of the range has clearly been established at ~52. If we get to 40, we will see if it holds. For now, that is the range I would look to trade 40-52.
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