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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
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Sunday, July 30, 2017

$65.00 in Store for Crude Oil?

* See UPDATE below...

My WAG -- IF price can rally and hold above 55.00, we could see a retest of 65.00 in short order...a pop and hold above 50.00 is, however, the first order of the day -- see the Monthly chart below of Crude Oil.

My gut currently favours the long side...of course, I'm not always right, so do your own due diligence.


* UPDATE August 11th:

In view of President Trump's proffered comments today regarding Venezuela, Oil Bears BEWARE!