Light Sweet Crude
The CL contract fell hard today as the trading community got rid of riskier assets all around. Because of this, it looks like we may have just made a lower high, which of course is an ominous sign. Of course, it is far from being a trend changing move, but further weakness could be in the near-term picture. Look for support to be found at $105 and $100 a barrel.
Originally posted here
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