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, a barrel of oil now being negotiated 99.40 dollars. In the graph we can observe that the price of oil is trading above the first weekly support located 99.18
We estimate an upward movement toward the nearest resistance level around 108.00 as the first objective and a our ultimate goal around the level of 111.00 dollars for a barrel of oil.
