Sept Crude/ Still Holding at Support *PIC*

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Sept Crude broke out above a bullish Inverse Head & Shoulder pattern and ran up to the Dec low breakdown pt at 93.45 resistance and classically pulled back to the breakout pt at 88. This is the 'acid test' for Crude. Price must hold at 88 and rally again to confirm the uptrend that began in late June was a trend reversal and not just a typical bear market rally. Note the group of moving averages all starting to 'squeeze' once again much like it did in April. Price tends to move sharply after this occurs 'one way or the other'. Big test here for Sept Crude.

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