8 J% E0 f5 p0 h( s. M8 p' R! C 2 a4 S4 d% F$ J+ O- w - J3 x% q1 l0 z8 t1 D$ _$ e7 ~; [7 e* s9 S8 q4 ?
Daily Chart - Created Using FXCM Marketscope ; O: a# {( I1 y7 z8 n2 Q$ j+ C5 X% k
CRUDE OIL TECHNICAL ANALYSIS - Prices pushed higher following a prolonged period of consolidation after bottoming as expected above the $45.00/barrel figure. A daily close above the 23.6% Fibonacci retracement at 53.77 exposes the 38.2% level at 59.08. Alternatively, a reversal below the 14.6% Fib at 50.49 targets the 14.6% Fib expansion at 47.07.