/

Crude Oil closed slightly higher on Monday and below the 75% retracement level of this fall's rally crossing. The mid-range close sets the stage for a steady to lower opening on Tuesday. If it extends the decline off October's high, the 87% retracement level of this fall's rally crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.

Forex Trader Library
Receive over 15 hours (8 CD's) of our best Forex trading education in one package! Containing the newest Advanced Forex CD, this education pack focuses on exactly what you need to know to become a successful Forex Trader.