NYMEX Crude Oil Warns That the Recovery Rally has Ended
Crude Oil-- Here we go again? Oil has reversed sharply from near 70.00-- my preferred secondary upside recovery target level prior to the resumption of acute weakness off of the July high at 74.35.
From the perspective of an Inverted Cup & Handle pattern (Dome and Igloo), Oil should be on the verge of a significant breakdown, especially if it closes under 68.40... Last is 68.60/61