Market Overview

Crude Futures Post Strong Gains

Related USO
Surprise Rate Cut In China Rallies Stocks & Commodities
6 Reasons Morgan Stanley Is Optimistic About Oil Prices

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)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional