there is a trendline and mp number around 1335,i think it will bounce from there,1440 to 1335 in a few weeks should be oversold
Crude may never fall back down. Commodity prices seem to no longer be transitory. The message is loud and clear, WE ARE RUNNING OUT OF OIL.
First off, what is the technical significance ( if any ) about the 1340 level? If anything, there is technical significance between 1324-1326. After that, 1312. 1340 is meaningless.