December Crude Oil closed higher for the week after reversing earlier weakness. The market stopped breaking at 75.15, slightly above the May 2010 bottom at 75.01. Although the price was relatively low at that level, traders didn’t seem too interested in the market at this price until a bullish supply and demand report surprised traders.

The ensuing rally following the bottom reached a downtrending Gann angle that had provided resistance for the past four weeks. This

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