Crude Oil prices have now entered a crucial price zone. In fact, prices have hit what I call a ‘Wall of Time’ which makes further sideways price movements difficult to sustain.
As to what will follow for Crude Oil prices, that’s reserved for the private members section of this post.
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Prices can only verify a reversal to the upside by closing on a daily basis above $82.50.
Expect prices to drop dramatically again with $76.50 as a support price target initially should the low of 5-days ago be taken out.
– George [/private_WD Gann Trading Secrets Group]