WTI Crude Oil ramped higher yesterday...reaching 103.20....This has held the topside twice
now...therefore we have taken profits on longs...
10301 is the 50% med term fib level therefore if we can get back below 10260 we should see
some further weakness with 10125/05 once more targeted...Apply the same strategy of buying
weakness...stops below 10060....
You can see from above chart the technical stochastics have turned bullish for Oil....so any weakness
does give a good opportunity to get longs..
If we break 10320 we should see buyers back in the market with 10480 then as the targeted
area.