Crude Oil: Change In Trend Picture

 | Oct 01, 2014 07:00AM ET

Tuesday’s huge drop from 95 to 91-ish changed the trend picture of all time frames into strongly negative. Support and $91, $90.50 and contract lows and $89,90. Resistance and 92.10, 92.40 and 92.90.

Crude Oil chart, Nov’14 futures, weekly nearest futures: