NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sat Oct 25, 2014 07:44 AM CDT

Brent Crude Oil: The spot-month contract closed $0.03 lower. The secondary (intermediate-term) trend may have turned sideways last week, with the range now set by the previous week's high of $90.18 and low of $82.60. Major (long-term) support remains at $82.30, a price that marks the 50% retracement level of the previous uptrend from $36.20 through the high of $128.40.

Crude Oil: The spot-month contract closed $1.74 lower. The secondary (intermediate-term) trend remains down with the spot-month contract near its recent low of $79.78. Major (long-term) support remains at $76.33 while monthly stochastics are still bearish.

Distillates: The spot-month contract ...

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