Short-term Call On Oil

15 בנוב׳ 2013

Crude Oil's price has hit a long-term bullish support and the same price level which led to subsequent rally in Feb 2008. With equities still bullish and oil supplies low there should be no reason that crude should not bounce off the support again. Short term target is $100, then a movement back to $110 after a small correction after hitting R1.