Short Oil Through 40, Target 37.55
Crude continues to lack support through $39 by simonsays452 on TradingView.com With no real support until the 50% fib retracement at 38.76 and consolidation zone support at 37.55, crude looks destined to continue lower. Options markets are pricing August expiry at 36.69 on the downside and crude volatility is breaking out of a quarterly downtrend. […]