FXHighway
Long

Crude Oil goes for more positive targets

NYMEX:CL1!   Light Crude Oil Futures
195 0 2
Target: 67.00
Risk: 57.50

Technical Reasons:

Crude oil             price continues to rise clearly and breaches the psychological barrier 60.00, to continue trading inside the ascending channel , which hints that the price is on the way to achieve more gains on the short term basis.

The exponential moving averages 50 and 100 continue to support the expectations to rise, and stochastic approaches from offering positive overlapping signal that we are waiting to form additional motive to support achieve more positive targets.



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