TECHNICALS: WTI Crude Futures Fall as Much as 7.9%
2015-07-06 19:22:02.831 GMT
By William Maloney
(Bloomberg) -- Sink most since February.
* Down for 3rd day
* Break below both 100-DMA ($54.78) and 38.2% Fibonacci of
March low to May 6 high; chart
* 50% Fibonacci around $52.31
* 14-day RSI falls to 29; chart
* Breaks trading range; chart
* NOTE: Earlier, OIL FUTURES: Crude Drops Most in 5 Mos. on
Greece, China Concern
* NOTE: Earlier, Brent Crude Slumps Below $60 as Greece, China
Put Demand at Risk
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William Maloney is a Chartered Market Technician and Strategist
who writes for Bloomberg. The observations he makes are his own.
To contact the reporter on this story:
William Maloney in New York at +1-212-617-6437 or
wmaloney3@bloomberg.net
To contact the editor responsible for this story:
Larry DiTore at +1-212-617-1603 or
lditore@bloomberg.net
2015-07-06 19:22:02.831 GMT
By William Maloney
(Bloomberg) -- Sink most since February.
* Down for 3rd day
* Break below both 100-DMA ($54.78) and 38.2% Fibonacci of
March low to May 6 high; chart
* 50% Fibonacci around $52.31
* 14-day RSI falls to 29; chart
* Breaks trading range; chart
* NOTE: Earlier, OIL FUTURES: Crude Drops Most in 5 Mos. on
Greece, China Concern
* NOTE: Earlier, Brent Crude Slumps Below $60 as Greece, China
Put Demand at Risk
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
William Maloney is a Chartered Market Technician and Strategist
who writes for Bloomberg. The observations he makes are his own.
To contact the reporter on this story:
William Maloney in New York at +1-212-617-6437 or
wmaloney3@bloomberg.net
To contact the editor responsible for this story:
Larry DiTore at +1-212-617-1603 or
lditore@bloomberg.net