Crude Light

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Further woes in oil…

Further woes in oil…

Now this is something to wake up to. OPEC members mainly Saudi Arabia and its nemesis Iran bickering over oil production. Saudi Arabia is demanding that Iran and Iraq participate in the reduction scheme whereas Iran is not agreeable and retorted that Saudi Arabia had benefited the most when Iran, Libya and Nigeria were frozen…

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Crude Oil’s Future…

Crude Oil’s Future…

Recently we called for our traders to buy the Crude Oil. Yesterday we finally hit our final target at 43.30. The trade call is as shown below. In my seminars, I had mention that we have strong Oil resistance at 51.50 and this resistance look to last. With the current moments in oil we could…

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Preparing to short Crude Oil

Preparing to short Crude Oil

Crude oil is trading near its seven month high at 48.56. Based on previous price action, price should halt here for now. I would be preparing to short the Crude Oil if I see any weakness in price at 48.56. If 48.56 fails to defend the rise, the next resistance is 50.73. Stay tuned.  …

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