E-Trend
Short

Crude oil bouce back but failed to hold above 105$/bbl

NYMEX:CL1!   Light Crude Oil Futures
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3
Short Term Target 103.50
Stop Loss 1ATR(20) ~1.134$

Target 1 : 103.50
Target 2 : 102.50

-new high at ~105 failed.


-Ongoing OPEC meeting have offered no surprises and we don’t expect the Cartel’s communique to exert much price impact .

Geopolitical Risk: increased violence in Iraq

Comments

HI E-TREND! I don't agree with you, the resistance is broken and this is likely to push higher. Something happening in Iraq..
Reply
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