Crude Oil Technical Analysis (WTI) - Prices put in a bearish Dark Cloud Cover candlestick pattern, hinting a move lower is ahead. Near-term support is at 103.93, the 23.6% Fibonacci retracement, with a break beneath that targeting the 38.2% level at 101.78. The bearish candle setup would be invalidated on a close above 107.41, the July 11 high.
Daily Chart - Created Using FXCM Marketscope 2.0
(http://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2013/07/18/Commodities_Gold_Crude_Oil_Remain_Focused_on_Bernanke_Commentary.html)
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