Lets take a moment to do a little crude technical analysis
crude technical analysis |
As you can see the CRUDE CHART below is showing a breakout of a pennant on a pole. Also we talked about many things happening in SYRIA with the crisis there in the middle east, there seems to be some full blown panic buying as investors are getting scared that this crisis will soon spread into IRAN, IRAQ and other neighboring countries. A break of this pennant pattern below on the weekly charts is BULLISH!
crude technical analysis |
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