Oil has tumbled, giving up the $90's entirely, and plummetting deeper into the $80's. We have breached $90.06, and several levels after that in the upper $80's. In particular, $87.21, our target from yesterday, was hit exactly (to the tick) and is currently providing support confirmed by a green triangle on the KRI. If we plummet further, our next target is $85.55. If we can manage to pivot, we should be able to test the $90's again, with $90.06 to provide resistance.
Chart PatternsCrude Oil Futures WTI (CL1!)Energy CommoditiesgasolineTechnical IndicatorskovachOiloottpetroleumquantguyrecessionTrend Analysis
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