August crude oil future contract closed higher on Thursday as it extends this summer's rally. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but are neutral signaling that sideways to higher prices are possible near-term. If August extends this month's rally, weekly resistance crossing at 77.45 is the next upside target. Closes below the 20-day moving average crossing at 71.84 would confirm that a short-term top has been posted....
Three More Compelling Reasons To Like Oilsands Quest - Posted on Jul 16th, 2007 with stocks: BQI
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.