simonsays452
Short

Almost made it. Important decision point for Crude.

FX:USOIL   Crude Oil (WTI)
46 0 0
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 futures 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.
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