Crude crossed its Retracement Objective during Globex @ 67.16.
63.73 and 62.42 are now the Lower Range.
OPEC Wraps up today.
____________________________________________________________
Currently, the largest influence on Oil is the Equity Complex, it is tracking
the NQ closely.
Expect VX in CL as it's due for far more, they'll need to squeeze this back up
to 68.69 to prevent a waterfall decline.
A Break of the LT Trendline is now 64.45 - Price traded it yesterday.
____________________________________________________________
OPEC Meeting began @ 8 PM EST and should conclude this morning with
an announcement by 10:30 AM EST to 11:30 AM EST.
63.73 and 62.42 are now the Lower Range.
OPEC Wraps up today.
____________________________________________________________
Currently, the largest influence on Oil is the Equity Complex, it is tracking
the NQ closely.
Expect VX in CL as it's due for far more, they'll need to squeeze this back up
to 68.69 to prevent a waterfall decline.
A Break of the LT Trendline is now 64.45 - Price traded it yesterday.
____________________________________________________________
OPEC Meeting began @ 8 PM EST and should conclude this morning with
an announcement by 10:30 AM EST to 11:30 AM EST.