Re: Something Fishy Going on/Lee *PIC*
Posted by Trades on 22:40 7/2/2009
Aug Crude broke out over $60 resistance and ran up to $74 and has been trapped between $66 and $74 for over a month now. Note the weak double top and now back to $66 bottom of the channel & a much weaker RSI 21. Looks a break coming back to $60. Would be typical too seasonally. Still in contango with future months higher than the front month meaning no big demand for Crude. Where are you located Lee?