Prices continue to race downward, with sellers now aiming to challenge 76.4% Fibonacci expansion at 97.30. A break below that on daily
closing basis exposes a rising trend line set from June 2012, now at
96.28. Alternatively, reversal above the 61.8% level at 98.56 aims for 50% Fib at 99.58.
![](https://c.mql5.com/6/4/Crude-Oil-Drops-to-4-Month-Low-SPX-500-Turns-Lower-as-Expected_body_Picture_8.png)
![](https://c.mql5.com/6/4/Crude-Oil-Drops-to-4-Month-Low-SPX-500-Turns-Lower-as-Expected_body_Picture_8.png)