Although we had a strong up move in oil last week we remain well within last years range. we still a need above $76.50 area to pose a threat on higher prices towards $85/90, otherwise we sink back into the range of the last 14 months, similarly a close below $63.75 will see the deeper move lower.
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i am updating all my charts and the views I have had after this weeks turmoil I think its time to refresh now that we have tested the $60 area which was indicated as support that now becomes our pivot area for corrective rally back to high $60's or next bigger move lower to $50 I think correction before next assault lower. good luck 
Mark Langley
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Mark Langley
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这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。