Crude Oil: 54.20 Level Reached
ICN.com | Apr 15, 2015 06:11AM ET
Our technical objective for the long positions we took this week at 54.20 has been reached. Oil has soared after support at the psychological level of 50.00 as we discussed earlier, while linear regression continues to carry the movements from the underside as well. However, we prefer to stand aside today to make sure that oil can take out 54.20 with a daily closing, as this area is very sensitive.
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