Sending a “KISS GOOD-BYE” to Crude Oil? Large declines often take place when…support breaks, then a rally takes place to test the old support as resistance, “on the underside.” Could this be taking place in Crude oil right now? See below-
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Crude oil is testing key resistance at (2) in the above chart. For those scoring on defense (see post here) in DTO, if Crude Oil BREAKS ABOVE $83, sell the ETF!