Oil charts

Charts below show simple horizontal supports and resistances. Oil has been very good about reacting to these levels.

Other oil charts with trendlines, etc may be posted later.

Right now, the main level I'm looking at is 92.58. If that breaks, oil could plunge lower. 92.58 held on a recent test, but that level "area" has been important since January, as the red line shows.

Click on chart to see a larger size.

* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".