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Crude Soars – Yahoo! Finance :- Ozforex :- ...

February 21, 2011 by admin

Jsaettele, on Monday February 21, 2011, 10:53 am EST

Weekly BarseliottWaves_oil_2_body_crude.png, Crude Soars

Prepared by Jamie Saettele

Crude has rallied off of a trendline that dates to September. having already exceeded last week’s high (as well as the 20 and 50 day averages), a move above 9702 cannot be ruled out. Trading above there would give scope to a test of 10134 and potentially a break higher towards the top side of a corrective channel that intersects with a Fibonacci objective (11660) in July.

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Crude Soars – Yahoo! Finance

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