ForexYell

WTI Up Nearly 30% From 'Black Monday's Low

FX:USOIL   Crude Oil (WTI)
34 0 1
Oil             popping to a 1-month high has traders in awe. Amazingly, we're nearly 30% off the lows from 'Black Monday'.

However, we're nearing resistance. at $49.70, the 55 day moving average. This makes the September Opening Range all the more interesting as the subsequent break out should give us further discussion for setting up a bias.

Please note this is month end and month end on a light liquidity month at that.
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