Crude Oil technical picture on October 1, 2014

Tuesday’s huge drop from 95 to 91-ish changed the trend picture of all time frames into strongly negative. Support @ $91, $90.50 and contract lows @ $89,90. Resistance @ 92.10, 92.40 and 92.90.

Crude Oil chart, Nov’14 futures, weekly nearest futures:

Crude Oil(5 Hours)20141001

Chart courtesy of investing.com. http://investing.com

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