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Yesterday's CrudeOil breakout attempt invalidated. Again
Let's take a closer look at the chart below (chart courtesy of stooq.com ) and assess the likely crude oil price path ahead. Although black gold futures moved higher after our Alert was posted, the bulls couldn't sustain their breakout above the upper border of the blue consolidation and the upper border of the orange gap. That's for the 9th time and counting that they didn't manage to close the day above these major resistances. This how of weakness triggered further deterioration, and the futures slipped below the yesterday's green gap. The prices closed right there, below this support, which doesn't bode well for ... (full story)