Crude Oil - We look to Buy at 4850
|Crude Oil - We look to Buy at 4850 (stop at 4800)
Crude Oil - Prices have continued the bullish move higher and resulted in 6 consecutive positive days. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. With the Ichimoku cloud support below we expect dips to be limited. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Our profit targets will be 4920 and 5000.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.