Wednesday, May 10, 2006

Crude Oil Futures (NYMEX: CL) , USO (oil ETF) Charts

Crude Oil broke out of a triangle pattern and made a short term top at ~ 75$ it then headed back down to retest the triangle , this is technically normal and the initial price target for WTI crude oil remains ~81$ . See previous Crude Oil posts

Crude Oil Futures (NYMEX: CL) chart

Crude Oil Futures (NYMEX: CL) long term chart

US Oil Fund, USO ETF chart

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