As projected previously, Crude Oil prices are spiking and momentum continue to suggest that it is on track, and just might accelerate.
Weekly chart closed with bullish momentum pattern and above average of the recent weeks. Long lower tails and close near the weekly tops suggest bullish momentum (also picking up?)
The daily chart is now holding above a consolidation range, and technicals support the upward push to the next higher level. Closing above 120 will firmly put 165 in the target zone.
Weekly chart closed with bullish momentum pattern and above average of the recent weeks. Long lower tails and close near the weekly tops suggest bullish momentum (also picking up?)
The daily chart is now holding above a consolidation range, and technicals support the upward push to the next higher level. Closing above 120 will firmly put 165 in the target zone.
