Posts Tagged oil falls

Crude Oil falls 400 points

Crude Oil falls 400 points

My post regarding Crude Oil a few days back showed that the market actually was consolidating, make a false break higher to lock in the longs and then came crashing down almost 400 points... Crude Oil actually lost around 4% of it's value in one day. I am a bit miffed to be honest.. I had thought that we were going to see prices move lower last week when the price fell below the support line around 9100... it dipped just below 9000 before rallying in total around 300 points. At this time,

October 3, 2012 1 Comment Full Story