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TFC Commodity Trading Forum

Feb Crude/Testing its Uptrendline *PIC*

Feb Crude bumped up against price resistance in the 102-103 area over the last 3 months and has backed off to its uptrendline and 50ema. While this is not price support it is a closely watched point and pullback test. A breakdown here would suggest a selloff to the 93- 94 support area again.