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Daily Chart - Created Using FXCM Marketscope 5 ]% e5 n& l0 T ]* o/ u7 ^4 Q! X) u# _9 a' M- W9 u
CRUDE OIL TECHNICAL ANALYSIS - Prices pushed higher following a prolonged period of consolidation after bottoming as expected above the $45.00/barrel figure. A daily close above the 23.6% Fibonacci retracement at 53.77 exposes the 38.2% level at 59.08. Alternatively, a reversal below the 14.6% Fib at 50.49 targets the 14.6% Fib expansion at 47.07.