Here is an hourly chart of February crude oil futures showing pit and electronic trading.
Yesterday I thought that the market had made a lower top and would not "take a peek above 64.00" as I had been expecting. In fact the market did take a peek above 64.00 this morning but I believe this is the last gasp of the current rally. I am now looking for a drop to 56.50.
No comments:
Post a Comment