(101,99) CRUDE OIL confirmed yesterday a test of the 100,10 level where it found however good support favouring a resumption of the move up, already last night with an overshooting of the 200 hours line, now s/t support at 101,21. The indicators of the daily chart are at the line in positive territory while those of the s/t ones are mixed suggesting further consolidation. The move confirmed however a positive reversal suggesting a s/t target at 104,68! Only a break below 100,10 will abort this scenery causing a deeper correction. We stopped our position already last night at 101,62.
Follow possible updates.
Click here to read the full report: CRUDE OIL 01.10
FUTURE TREND RESEARCH