quantguy

Oil Attempts Highs Again

Long
NYMEX:CL1!   Light Crude Oil Futures
Oil has kept steadily rising, blasting through our profit targets. We smashed through $106, then $108, then appeared to stabilize for a bit under $113. But yesterday, we were able to break that level too. We are currently hovering under $116, finding resistance just under this level confirmed by two red triangles on the KRI . The Kovach OBV has picked up confirming the momentum.Our next target is $116, then we have a vacuum zone to highs at $122.

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