Dominate Your Market
by Jim Wyckoff
Nymex crude oil futures this week hit a five-month high above $87.00 a barrel. Prices are trending higher on the daily bar chart and the next upside price objective for the bulls is closing prices above stiff chart resistance at $90.00. The rallying crude oil market is bullish for the raw commodity sector, as crude is the sector leader. Stay tuned!—Jim Wyckoff
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