Around The Barrel – Crude Oil and Gasoline Outlook for The Week Ahead

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  • #54884
    TradersCom
    Keymaster

    WTI crude #oil futures settle $74.80 Down $1.88
    – Manic $5 range 1 Day Range of 72.30 – 77.47
    – Influenced by delta basket matching in a very illiquid market as you expect

    #54934
    TradersCom
    Keymaster

    WTI crude #oil broke the pennant to the downside to settle at lows of the year
    $CL_F down $3.47 to $71.33

    Bulls hope this will be dble bottom – Bears downside targets remain per grid

    #54935
    TradersCom
    Keymaster

    The weekly WTI oil chart highlights the significance of this region we are testing – that dble bottom is also a key 50% Fib

    #54980
    TradersCom
    Keymaster

    NYMEX WTI Crude #Oil April Futures Settle $67.61 Down $3.72 or 5.22% Found Legs, to bounce $2 off low
    Day Range 65.65 – 72.56

    #54737
    TradersCom
    Keymaster

    WTI is down almost 12% for the month after breaking key range and technical levels. Crude Oil futures after falling almost 4% last week have continuin
    [See the full post at: Around The Barrel – Crude Oil and Gasoline Outlook for The Week Ahead]

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