Here is an hourly chart showing pit and electronic trading in November crude oil futures. I last commented on this market here.
The market has taken a peek below the 59.00 level and I think it is about to turn upward. There is good support near 58.80 which is both 75% of the all time high price of 78.40 as well as the midpoint of the fourth 560 point box down from 78.40.
I think the market is about to rally to resistance near 65.00.
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