CRUDE OIL: long-term opportunities
Hello everybody.
Crude oil (wti, cl or usoil) did great move to upward in the past weeks. The next Crude Oil Inventories news will be decisive for crude oil. EIA (The Energy Information Administration's) will announce this news tomorrow. News result expects as positive for oil. In such case oil may be drop 75-120 pips approximately. If news will be negative then oil will go up.
My opinion: crude oil will be continue to move up in the next weeks also. Some correction may be happened. But trend is up strongly.
Important levels: 66.70 , 63.78 , 62.80
Crude oil (wti, cl or usoil) did great move to upward in the past weeks. The next Crude Oil Inventories news will be decisive for crude oil. EIA (The Energy Information Administration's) will announce this news tomorrow. News result expects as positive for oil. In such case oil may be drop 75-120 pips approximately. If news will be negative then oil will go up.
My opinion: crude oil will be continue to move up in the next weeks also. Some correction may be happened. But trend is up strongly.
Important levels: 66.70 , 63.78 , 62.80
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