NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Wed Oct 1, 2014 12:54 PM CDT

Brent Crude Oil: The spot-month contract closed at $94.67, down $8.52 for the month. The major (long-term) trend remains down with next support at $93.18. This price marks the 38.2% retracement level of the previous uptrend from $36.20 (low from December 2008) through $128.40 (high from March 2012). Monthly stochastics are nearing the oversold level of 20%.

Crude Oil: The spot-month contract closed at $91.16, down $4.80 for the month. The major (long-term) trend remains sideways to down with support pegged at $89.88. Monthly stochastics are nearing the oversold level of 20%.

Distillates: The spot-month contract closed at $2.6505, down ...

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