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Commodity Future Chart Of Crude Oil

This commodity future chart is a good example of a monthly closing price reversal...which are some what rare. But almost always a good sign that price has either topped or bottomed at least temporarily.

commodity future chart


In the above commodity future chart the highest bar occuried in August. What makes this a good closing price reversal bar is the fact that the close of that bar was below the open....which occured after a good price run up and the top bar was a spike bar.