CRUDE: The black gold is continuing to push lower after taking out the key support at 87.66. This was the 38.2% retracement level as well. We can no test the support at 83.76 with a move below that level testing 79.84.
Alternatively, we see near-term resistance at 87.66 with a break above that testing the key 90.00 level. Above that is the falling trend line from September now at 91.84.
DISCLOSURE And DISCLAIMER: The Above Is For Informational Purposes Only And Not To Be Construed As Specific Trading Advice. Responsibility For Trade Decisions Is Solely With The Reader.
