-
Technical Analysis: Mid-Term Downtrend in Crude Could be Stalling
Wednesday, October 12, 2011 - 2:41pm | 528Recent Analysis Since the beginning of 2009, we have seen an impressive bull trend in crude oil futures. The bull trend started to putter out in May 2011, trading over $114 per barrel at its peak. After hitting its peak, crude futures began its downtrend. The commodity started to trend lower,...