ryanchai

CL1!: Crude Oil WTI making the first higher high in yr2016

NYMEX:CL1!   Light Crude Oil Futures
Crude Oil            
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# Trend reversal signal appeared.
# Break above previous high at $35 (But with low trading volume )
# A minor pull back from $38 to $34 - $35 considered as healthy phenomena.

Note:
Commodities based on demand-supply. Price wont go far high unless world oil             producers willing to negotiate.
# Next major event that will cause high volatility is coming OPEC Meeting.
Trade closed: target reached
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