Light Sweet Crude
The CL fell hard again today, testing the $107.50 area support level. The market is trying to form a hammer at the end of the day, but looks like it might fail. However, the shape of the bar could be determined to mean that we may be finding some buyers in the area. Look for $105 to set up as massive support.
Brent
Just like CL, Brent fell today only to form a doji. The market looks bullish still, but currently seems to be trying to find support. The $120 level has held, and looks to be important. Because of this, we think that perhaps a buy could be initiated, but beware of the move if Brent breaks below $120.Read More www.tradingnrg.com... For the latest updates PRESS CTR + D or visit Stock Market news Today
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