Replies to post #358 on Market Analysis, Investments and Trades: For Rent

[TraderRich]

Light Crude Oil Futures chart (CL) Update

8 hours after I posted the previous chart and oil has taken an overnight round trip down to the aforementioned 62% retracement level and the 200 weekly MA and has returned to a price level above where it was on the previous chart. It had some nice volume for the overnight session.

Is the bottom in? Possibly, but it's too soon to tell.