NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sun Dec 14, 2014 07:18 AM CST

Brent Crude Oil: The spot-month contract closed $7.22 lower at $61.85. The secondary (intermediate-term) trend remains down despite weekly stochastics continuing to show a sharply oversold situation. The spot-month contract is well below major (long-term) support at $66.90, trading at levels not seen since May 2009.

Crude Oil: The spot-month contract closed $8.03 lower at $57.81. The secondary (intermediate-term) trend remains down despite weekly stochastics continuing to show a sharply oversold situation. The spot-month contract is below major (long-term) price support at $63.94, closing at a level not seen since May 2009.

Distillates: The spot-month contract closed 9.18cts lower at ...

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