NYMEX Crude oil futures, April 10 (CLAJ0):
The picture is heavy, both in the medium-term, and in the short-term.
CLAJ0 stalled at resistance under the 76.15-76.30 area and turned back down. To continue the downtrend, CLAJ0 now needs to make a new recent low, below 69.80. Prior support is in the 72.89-73.40 area, then 71.70, 71.10 and 70.00.
Invalidation: A close above 76.30 would signal a rise towards 77.50, then 78.50-79.00.
Prior to 76.15-76.30, resistance is around 74.30, then 75.00.
Provided by NewEdge USA, LLC
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