Friday, May 18, 2012

Crude Oil Daily Outlook

HY Markets

716?223

CRUDE OIL closed lower on Tuesday and the lowrange close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain neutral to bearish signalling that additional weakness is possible nearterm. If it extends the decline off March's high, the 50% retracement level of the OctoberMarch rally crossing is the next downside target. Closes above the 20day moving average crossing would signal that a shortterm low has been posted.

matt barnes hcm loretta lynn gene kelly zoe saldana zooey deschanel and joseph gordon levitt debra messing

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