Bounce In Dec Crude Oil

Mike Paulenoff By

December Crude Oil bounced about $1/bbl in reaction to a greater-than-expected drawdown in Oil Inventory reported by EIA... My attached 4 Hour Chart continues to argue technically that all of the action during September and October represents a bullish accumulation period and pattern that is pushing up for a challenge of key resistance lodged from 90 to 92.70... Last is 88.92...

A pasted image

FinancialJuice

  Matched “”
x
Try Us Free For 14 Days!
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader Now!
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!