Daily Minute with Mike Paulenoff for December 22

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By Mike Paulenoff | Published 12/22/2005 | Futures | Unrated

Daily Minute with Mike Paulenoff for December 22

My work argues that crude oil prices ended a minor recovery rally this morning at $59.18 and have since pivoted to the downside for a retest of critical support between $57 and $56.45.

This is my last column for 2005. Happy Holidays and New Year to everyone!

MJP 12/22/05

Mike Paulenoff is a 25-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his E-mini S&P and QQQQ technical analysis and trading alerts. For more of Mike Paulenoff, sign up for a FREE 30-Day Trial to his E-Mini/Index Futures diary, or try his QQQ Trading Diary.

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