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FX.co ★ CRUDE OIL Bullish Outlook April 15, 2011 (Daily Strategy)

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Forex Analysis:::2011-04-12T14:49:17

CRUDE OIL Bullish Outlook April 15, 2011 (Daily Strategy)

CRUDE OIL Bullish Outlook April 15, 2011 (Daily Strategy)

CRUDE OIL

Yesterday, the price of oil that dropped back and closed the trading day beneath the important test level of 109.37(1st Weekly Support) reaching the level of 107.87 dollars. Now the pair is trading below this level.

We thus believe that the pair found a new support around the fractal that takes you to the 106.50 level, then resume their upward force to the levels of 117.00 dollars per barrel price of ultimate goal.

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