Crude Futures First Target Hit

The first target on $CL (crude oil futures) has been hit. While a reaction is likely, I favor crude prices ultimately moving down to the next target at 46.84 note: this is a 60-min chart of the July contract, as covered in yesterday's video, the previous static post (first chart below posted on Wednesday) showed the June contract, which had the same targets although the prices are different as they are different month contracts).

2016-05-19T09:39:15+00:00 May 19, 2016 9:39am|Categories: Equity Market Analysis, Gold & Commodities|Tags: , , |Comments Off on Crude Futures First Target Hit