Crude Oil Aiming Below $101.00 After Support Break

Crude Oil Aiming Below $101.00 After Support Break

30 July 2014, 03:12
EmmeMe
0
151
Prices edged below support at 101.87, the 23.6% Fibonacci expansion, exposing the 38.2% level at 100.61. This barrier is reinforced by a rising channel top at 100.28. A break below that on a daily closing basis eyes the 50% Fib at 99.58. Alternatively, a turn back above 101.87 eyes the July 18 highat 103.91.


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