informedtrades
Long

Crude Oil to $109 By Late May

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
24 0 0
A nice AB=CD pattern here, giving us a target of $109 by the end of May. This may be seen as supportive of recent fundamental data in the US pointing to greater lending and rising commodity prices. For traders, the recent lows around $97 should be maintained.
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