February “mini” crude oil futures buying opportunity on more price strength. See on the daily bar chart for February Nymex crude oil futures that price action in recent weeks has formed a potentially bullish “rounding-bottom” reversal pattern. A move above chart resistance at $89.50 would provide the bulls with fresh upside near-term technical momentum and it would also become a fresh buying opportunity in the “mini” crude oil futures contracts. The upside price objective would be $95.00, or above. Technical support, for which to place a protective sell stop just below, is located at $86.50.

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