Dominate Your Market
by Jim Wyckoff
July Nymex crude oil futures have made a strong rebound from the April low, but prices are still in a downtrend on the daily bar chart, albeit just barely. Bears have the slight near-term technical advantage. Bulls would gain fresh power by pushing prices above chart resistance at $74.00. Bears would gain fresh power by pushing prices below chart support at $69.40. Stay tuned! Jim Wyckoff
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