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Mood!

Monday, February 20, 2012

Crude oil heading to 111 target

Crude oil still heading to 111 minimum target short term , and more likely higher medium term

CRUDE OIL weekly chart

AB leg followed by consolidation, classic BULL FLAG.  Now broken up above the top of the flag, could get move to 129, which is where CD = AB leg up.  Also coincides with 50% Fib retrace of fall from July 2008 highs.



CRUDE DAILY CHART

Daily looks like approaching overbought, so some sideways corrective action ahead.
BUY on weakness..



CRUDE 2 HR CHART


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