July Nymex “mini” crude oil futures a selling opportunity on fresh price weakness.
See on the daily bar chart for July Nymex crude oil futures that prices have pushed up into a price area that has stalled rallies in recent weeks. A move below chart support at $94.50 would provide the bears with some downside momentum and it would also become a selling opportunity in the July mini Nymex crude oil futures contract. The downside price objective would be $90.00, or below. Technical resistance, for which to place a protective buy stop just above, is located at $96.50.
