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FX.co ★ CRUDE OIL Bullish Outlook April 20, 2011 (Daily Strategy)

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Forex Analysis:::2011-04-20T14:48:13

CRUDE OIL Bullish Outlook April 20, 2011 (Daily Strategy)

CRUDE OIL Bullish Outlook April 20, 2011 (Daily Strategy)

Crude Oil

The economic Instability will continue Supporting the price of black gold, There exists a serious chance that the price of crude oil continues raising its price, Proof of this is that a barrel of oil now being negotiated 109.10 dollars, and that for six day crude oil price to attempt to drill the important support of 105.50.

In the graph we can see that now the price of oil, is above the pivot weekly, So it have clean way down to the level of resistance of 113.00 dollars, will be our first objective, and as our ultimate goal to 117 dollars a barrel oil

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