CharlesBakerfx
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If you analyze the daily/weekly chart of the OIL prices, you will see that it rose over 25% on the last couple of times it fell to the $80. The embargo on the Iranian oil was the trigger for the current bullish momentum (although I believe it would have come anyways) and the target is $100, which means about 15% from the current levels. I am waiting for correction and bullish reversal around 86-87.
![cl0507.jpg cl0507.jpg](https://www.trade2win.com/data/attachments/78/78446-c1ca23090bbf47b9ce80792e86ca1ceb.jpg)
![cl0507.jpg cl0507.jpg](https://www.trade2win.com/data/attachments/78/78446-c1ca23090bbf47b9ce80792e86ca1ceb.jpg)