NYMEX:CLV2015   LIGHT CRUDE OIL FUTURES
After a crazy week in the markets crude attempted a breakout. Now we are back at the scene of the crime. It's interesting that we see this pull back after Goldman Sachs releases their long term Crude forecast. Very fishy. Our eyes are on the 43 - 43.50 area. There are a lot of stops below this area and someone is fishing for them. If they get blown out we will be selling every pullback looking at a retest of the August lows. We are ignoring the upside until we get a close above 48.
AMBRISH
a year ago
THANKS, AT PRESENT TRADE IS IN BETWEEN 43.50 TO 48.
Reply
OffTheFloorTrader AMBRISH
a year ago
Yes...Please be patient with Crude
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