Energy

A Crude Update

From Ticker Sense

As we noted yesterday, the $60 mark for crude is a key price level.  Unfortunately for oil bulls, the commodity was unable to break above the top of its downward channel, and it finally gave way towards the end of trading yesterday to close at $57.71.  Crude is trading slightly lower this morning as well, and it looks as if the downtrend remains intact.

Crude208

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