Crude oil is a bit higher than the yearly low of $79,50 and the daily trend is very negative in all time frames. Falling below this mark on a weekly close will open the door to $77 and then $74.
Crude Oil chart, monthly chart:
Chart courtesy of investing.com. http://investing.com
RECEIVE MY TRADING REPORT, FREE OF CHARGE, TWICE A DAY, FOR 2 WEEKS, BY SENDING AN E-MAIL AT: THETRADINGSTRATEGIST@YAHOO.COM !!!
Please read the Disclaimer!
Petros Steriotis, CFTe, MSTA 