natural gas

natural gas

Monday, March 16, 2015

Key Support Level Broken In The Crude Oil Market

The crude oil market today fell to a new 6-year low and looks ready to fall under a 16-year trend line support.

It should be interesting to see how the market closes.  If crude oil firms into the close, it might be an opportunity to get long the market with a stop under today's low. 

If the market remains weak, the 32.40 low from December 2008 will become the next longer term support level.

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