Crude Oil has had a BIG rejection lower after the numbers came out and is now experiencing heavy selling. Crude Oil caught a bit of whip after the news but is currently working on a bullish channel higher.
The first target will come off at midline resistance with the final target back up to the channel highs or high of day.

Crude Oil had a huge rise higher this morning with a large bull major channel support price. Crude Oil started the day purely range bound and looking to buy low and sell high was the name of the game. Crude Oil had a great run higher this morning with bull channel support going right along with.

Crude Oil had a great move down in the morning followed up with buyers coming in off the lows.

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