Just like all good and bad things alike come to an end, so do "never-ending" rallies. Crude oil declined well over 5% today, which might mean that we already saw the end of the rally. But did we certainly see it? Will crude oil be trading lower shortly? Crude oil reversed without moving to the 50% Fibonacci retracement. It did encounter a resistance, though. The resistance was the highest daily close that we saw in the first half of March, right after the huge price gap. That (March 10th) closing price was $34.36 and crude oil closed at $33.92 yesterday, after temporarily rallying to $34.66. This means that crude oil ... (full story)