Nikhil9154
Long

A CRUDE FACT: OIL REALLY DOESN'T CARE ABOUT IRAQ!

NYMEX:CL1!   Light Crude Oil Futures
Technically, the oil             prices are on a strong footing and a monthly close above $115 per barrel would only take the prices higher, towards $145 a barrel, which is near an all-time high. Oil             is currently trading above the important Fibonacci retracement level of 61.8% and faces resistance in the price band of $ 115-120 a barrel.
For a detailed analysis, visit here: http://nikhil9154.wordpress.com/2014/06/25/a-crude-fact-oil-really-doesnt-care-about-iraq/



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