Crude Oil Hits 2-Month High

US DOLLAR TECHNICAL ANALYSIS – Prices may have finally started to turn lower as expected following the appearance of a bearish Evening Star candlestick pattern. Near-term support is at 11740, the 14.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 23.6% level at 11653. Alternatively, a reversal above trend line support-turned-resistance at 11842 clears the way for a test of the 11854-76 zone (14.6% Fib expansion, March 2009 high)

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