Crude oil is currently stuck in the middle of the last days’ 80-84 dollars per barrel price range. The daily trend is down and I expect a retest of the multiyear lows @ 80 quite soon. Bulls want to see a daily close above $84, which would prepare the ground for a move up to approximately $88.
Crude Oil chart, Nov’14 futures, 5-hours chart:
Chart courtesy of investing.com. http://investing.com
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Petros Steriotis, CFTe, MSTA 