Our Post-Market Reports offer reliable analysis of the short and longer term trends, and also reviews any key details of the intraday session, while also providing forward-looking and actionable analysis.
We nailed Crude Oil today! We had 91.10 to 91.20 pegged as support for bulls, and we had 92s pegged as resistance for bears…and when the stops came out, the bulls got fed! Here’s the outlook, plus a review of the the pre-market playbook.
The fact that price has taken the stairs on the way down, banging its head off each round number along the way, is bearish. But we are now at a critical juncture in the chart — 102 support. This is a make or break level, as the resulting move could push price $3 either way.
