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TFC Commodity Trading Forum

Nov Crude/ Breaking Down *PIC*

Nov Crude is now the most active contract with Oct expiring. Today the Nov Crude price broke below $95 support and plunged. Price has fallen roughly $9 in the last few days and will likely rebound back to $95 in a slingshot move which should then serve as resistance on the bounce back. Seasonal charts in all time frames show a high point for Crude in the mid August to mid Sept time frame with a selloff into the new year. Seems like the seasonal trends are on time once again.

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Nov Crude/ Breaking Down *PIC*
Re: Nov Crude/ Breaking Down
Re: Nov Crude/ Breaking Down/STR *PIC*