Crude – Correction Over?

07/14/2008 12:00 am EST


Thomas Aspray

, Professional Trader & Analyst

Crude's sharp drop last week just took it back to the daily uptrend in the $135 area. The upper parallel trendline and the 261.8% Fibonacci projection targets are in the $156-158 area. Support now at $138-142 and then at $135.

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