Crude Oil Q4 2012 to Q1 2013 Futures Play

NYMEX:CL1!   Light Crude Oil Futures
Previous oil buying pattern seen in 2010, 2011 breaking of fundamentals and price is driven higher in the final quarter of the year and continued till the 1st quarter of the next year. Although supply pressure may cool down during the winter season but price may rise to $103 and like $108 levels driven by demand.
Unless we see a clear break below then Green support line, because then price will have no barrier to a decline. In that case sell.

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