Tuesday, October 11, 2011

Will we see $97 Crude Oil Now?


Hello Traders,

With a move above the 50 Bar Moving Average today on the daily chart ... will we finally make a run for the 200 Bar Moving Average on the Daily Chart?

This will bring the Crude Oil Market up to almost $97, but if we reach that expect the market to get back to $100 per barrel on the futures contract.

We need to hold the break point on today's trading around $85.21 and change to keep this upward action alive and in play.

Good Trading,

David "Tiger" Knight

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