Thursday, June 24, 2010

Oil Futures

On June 14th, I posted this chart (look in the archives). You can see how strong this pattern is. Price is holding at the neck line (inverted head and shoulders) as well as the 150 moving average. Also, this looks like a cup and handle pattern could be forming... Oil looks like it's had it's coffee and doughnut break and now ready to go back to work...Hope it helps

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