Tuesday, August 9, 2016

Chartology: Oil

We were thinking WTI $44 after today's API and tomorrow's EIA numbers but a little overshoot would not surprise. $42.94 down 8 cents; Brent $45.18 down 0.21.

From Nifty Charts:

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjT0rhRnSHZF7-5b7yeVeLihwZTvNJZPAbm7ylMoiDPBXWdwXhRmU42SU8CIJSSEDo-xKH4JlJn63UC3NxpsAdX1V59Kq02ZBoR6GwdomHboGi6S5CBothWL5CvPqfrREpPEKeK570XJTg/s1600/Crude+oil+v+shaped.png

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