NYMEX Crude Oil Remains Under Pressure...

Speaking of inventories, Crude Oil showed a much larger draw than expected, while gasoline showed a less build in supply than expected.

Yet, let's notice that nearby NYMEX Crude continues to press lower-- towards my next optimal and initial downside target zone of $92.50-$91.30.

Only a climb above $95.50 will argue for additional recovery into the $96.50 area prior to the resumption of weakness.

  Matched “”
x
Take Advantage Of Our Free
7-Day Trial, $71st Month Offer!
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!