NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sat Aug 29, 2015 07:37 AM CDT

Brent Crude Oil: The spot-month contract closed $4.59 higher at $50.05. The spot-month contract posted a bullish key reversal on the weekly chart, in conjunction with a bullish crossover by weekly stochastics. This combination indicates the secondary (intermediate-term) trend has turned up, a move that could lead to the market reestablishing its major (long-term) uptrend.

Crude Oil: The spot-month contract closed $4.77 higher at $45.22. The spot-month contract posted a bullish key reversal on its weekly chart last week, in conjunction with a bullish crossover by weekly stochastics below the oversold level of 20%. This combination indicates the secondary (intermediate-term) ...

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