Brent at $72.92 down 3.30%
Following up on this morning's "Oil Appears to Be Rolling Over Again". We returrn to Tim Knight at Slope of Hope:
Oil Slips Lower
Picture perfect! Oil has been slapped away from its broken trendline. Resistance has done its job.
The energy fund XLE was annoyingly strong earlier in the trading session, but that is falling to pieces. Its important resistance has likewise held....
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That was posted a few ours ago and I'm guessing he'll have another oil post but probably a few hours after the NYSE close.
