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Daily Chart - Created Using FXCM Marketscope & A5 o. h1 ?) S3 y( p D. U* s* e) C
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.