Crude Marks A Strong Bullish Breakout To A Monthly High With The Support Of Risk Appetite And A Weak Dollar

Until recently, momentum behind the effort to turn US crude’s bullish range reversal into a clear trend has been relatively reserved. That is until today when the active futures contract cleared a notable range resistance around $76 and $75.50 and proceeded to overtake the 200-day moving average.
North American Commodity Update
Commodities – Energy
Crude Marks a Strong Bullish Breakout to a Monthly High with the Support of Risk Appetite and a Weak Dollar
Crude Oil (LS NYMEX) – $76.94 // $1.82 … [visit site to read more]


This entry was posted on Tuesday, June 15th, 2010 at 5:00 pmand is filed under Investments. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.