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...

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