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TFC Commodity Trading Forum

Oct Crude/Breakout *PIC*

Oct Crude broke out above its 1 month price channel between $93 and $98. Price did pull back from its high Friday but the only thing important now after a breakout is for price to just hold above $98 to change this breakout point from resistance to support. A few days of holding above $98 would suggest a run up to next price resistance of $103.50.