Crude Oil Rebounds to 17 Year Trendline This trendline acted as support for 17 years and then it cracked and fell to the lows. Now it is retesting that trendline from below. June action will tell a lot. More in the morning

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Gregory W. Harmon, CMT, CFA, is founder and president of Dragonfly Capital Management, a company that offers Managed Accounts and a Premium Trading Service. He has more than 30 years of trading experience.

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dragonflycap Follow 4:23 PM May 31, 2016 at 4:23 PM

Source: stockcharts.com

Crude Oil Rebounds to 17 Year TrendlineThis trendline acted as support for 17 years and then it cracked and fell to the lows. Now it is retesting that trendline from below. June action will tell a lot. More in the morning — Crude Oil Rebounds to 17 Year Trendline
This trendline acted as support for 17 years and then it cracked and fell to the lows. Now it is retesting that trendline from below. June action will tell a lot. More in the morning

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