Oil fell threw $70 today as overall fundamental weakness and China dropping overnight led to the significant pullback.  There is the $68 50day moving average that is the next support but overall the picture seems weak right now.

This entry was posted on Monday, August 31st, 2009 at 6:31 pm and is filed under Energies. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.