Thursday, December 06, 2007

$WTIC - Crude Oil

CRUDE OIL made a near term double top on the DAILY chart recently after failing at the $100 level...Morbidly overbought but has pulled back nicely to first support level...Can't help but think the recent news out of the NIE has helped ease the IRAN PREMIUM...


CRUDE OIL on a long term basis is still firmly in an UPTREND could pull back to the midline here a still be well wihin itself...

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