Itz Stock Chartz has been targeting $78 for crude oil and then a rally in 2011 taking it to $110. Obviously currency trading and geopolitical events have been driving commodity prices. Below are some chart observations, also the COT #s were reported Monday because of the holiday last week, this weeks will be release this Friday.
Showing posts with label $WTIC COT. Show all posts
Showing posts with label $WTIC COT. Show all posts
Wednesday, December 1, 2010
Crude Oil Nears $90...What's Next?
Itz Stock Chartz has been targeting $78 for crude oil and then a rally in 2011 taking it to $110. Obviously currency trading and geopolitical events have been driving commodity prices. Below are some chart observations, also the COT #s were reported Monday because of the holiday last week, this weeks will be release this Friday.
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