Markets

Crude Oil Technical Daily Outlook 9/06

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CRUDE OIL closed higher on Wednesday and the highrange close sets the stage for a steady to higher opening when Thursday's night session begins. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible nearterm. Multiple closes below the reaction low crossing would confirm that a top and trend change has been posted. If it renews the rally off June's low, the 75% retracement level of this year's decline crossing is the next upside target.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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