Market Overview

Crude Futures Post Strong Gains

Related USO
Technical Alert: Crude Futures Crater
Expecting Continued Pressure On Oil Prices, Argus Maintains A Hold On Nabors Industries
Trading Implications Of Commitments Of Traders' Oil Data (Seeking Alpha)

Crude futures are having the best day in almost two months, rallying $1.50 per barrel to $95.40. After building a base in lower 93s, the contract cleared the major resistance at 95.20 and reached 95.63. Since making the high, the contract has pulled back to 95.16 before resuming is rally.

Posted-In: Technicals Commodities Markets Trading Ideas


Related Articles (USO)

View Comments and Join the Discussion!