December 10, 2012 at 15:05 PM EST
Will Crude Oil Finally Fulfill Its Lower Objectives?
The following are the latest daily summaries of my ongoing intraday coverage providing context to interpret price action. Any prices listed are for a contract's current "front month." Their direction tends to correlate with any ETFs listed for each. Today’s Highlight: Crude oil’s afternoon break presumably put into play new lows around 85.85. Even if the break had developed early in the day a second consecutive lower close is still needed for confirmation. Dollar Basket Dec Contract DX; (NYSEARCA:UUP) (NYSEARCA:UDN) Monday’s narrow inside day did not change that so long as 80.10 holds as support the rally is next ...
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