Crude Oil Selling Into Support?
Crude Oil getting hit to the downside in the over night session, and the selling is continuing this morning with prices trading right near the psychologically significant 68.00 level. The main spark of the selling was Goldman stepping in and revising their price target for Brent Crude to$86, down from $95. There is strong support in this August contract at 67.86, and a break below here could send us back towards the May lows at 64.41.
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