FX:USOIL Crude Oil (WTI)
Almost! We almost saw oil break down through the 76.4% fib retracement and solid support on the week at 46.86. Instead, we saw the last NYMEX trade close with a 47 handle. Expect to see the close at the lows of the day today. This brings up a really important decision point for the trajectory of oil . More analysis to come, shortly. Looking forward to the 3:30pm CFTC Commitment of Traders release.