Monday, February 20, 2012

Crude Oil Breaking Higher

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ITZ noted recently that WTI Crude Oil was set to breakout and head to $116.....READ
Back in November 2011 the chart below was posted, the Gold/Oil Ratio versus Proshares Ultra Crude Oil UCO. The GO Ratio has been oscillating around the 17 level as both oil & gold rise in tandem. ITZ had called for $110 WTI Crude Oil by February 2011 ...READ
Recent geopolitical events are the catalyst to push crude higher... Iran Halts Oil Exports to Britain and France...READ

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