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CRUDE OIL: Breaks Support, Eyes On the 70.00 level

posted by Avatar topequitynews1 845 days ago in Technical, Oil made popular 845 days ago

CRUDE OIL (futures) – Downside pressure triggered off the 83.93 level, its 2010 high continues to extend declining below its long term trendline at 73.55 to close the week lower at 72.67 on Friday. The mentioned trendline was drawn from its 2009 low at 35.66 through its Dec 14’09 low at 68.69. With a loss of the 73.55 level established, we see...
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