February Crude Oil Trading Thread

A close at 5945 would provide a good technical basis for a strong follow on recovery and, Stretch, you could see your $7 rise this month from $59.5 to $66.5. I was expecting this plunge ... but not this deep.

On the other hand a close at $60 would be even more convincing from a double bottom and a massive reversing hammer (BUR recently proved an exception on this aspect recently). Are inventory figures out tomorrow?

HB, we could see a meeting of the long term and medium term up trends on the Dow with a consequent retracement.