US CRUDE OIL

USAUS CRUDE OIL, last post I stated that crude oil short sell from 103.76 and remain a sell down to 96.68, target has been reached for 700 points in this trade, crude oil went all the way down to 95.26 last week, and made a pull back before the week finish up to 97.41  and close the week at 97.05.

This was a good trade too, now we have 98.03 and 99.14 to watch and act as resistance, the pull back last week was backed up by the tension between Ukraine and Russia, we see some volatility in crude oil this week, so keep an eye on 98.03 and 99.14.

Ashraf Salim 50, 17, 08, 2014