WTI crude down $1.93 to $51.60, Brent below $60
A day ago crude oil looked like it was on the verge of a break but the rule with oil over the past 6 months has been to expect the unexpected and today's slump delivered.
Yesterday set up a beautiful technically bullish setup with a series of higher lows and a major reversal but resistance at the Feb highs held and crude has fallen. There is still a solid case for the bulls so long as yesterday's low of $50.81 holds.
