CRUDE OIL PRICE

CRUDE OIL ABOUT TO PLUNGE?

The price of crude oil is sitting on a critical support level at +-87.50...violation will open up the flood gates! First stop would be the June 29 low at 77.35 and if this level is violated we could be looking at a test of the January 2009 low at 33.10. Right now CRUDE is the weakest of the Global Seven, see www.investrac.com/global-seven and may continue to outperform on the downside.