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Sunday, May 05, 2013 8:49:35 PM
Crude Oil Update - Sunday Night
By Maurice N. Walker
* Sunday, May 5, 2013
A stealth rally in crude futures Sunday evening as Geo Political risk push crude oil prices higher. Israeil air strikes in Syria against what Western and Israeli officials say were weapons headed for Hezbollah militants. I remain long from Friday's breakout of the trendline. Looking to short near these levels or a bit higher into the 97 area. We could see a breakout of the triangle. That would be bullish. A reversal at resistance would be short term bearish.
http://thechartpatterntrader.com/
George.
Click on "In reply to", for Authors past commentaries.
By Maurice N. Walker
* Sunday, May 5, 2013
A stealth rally in crude futures Sunday evening as Geo Political risk push crude oil prices higher. Israeil air strikes in Syria against what Western and Israeli officials say were weapons headed for Hezbollah militants. I remain long from Friday's breakout of the trendline. Looking to short near these levels or a bit higher into the 97 area. We could see a breakout of the triangle. That would be bullish. A reversal at resistance would be short term bearish.
http://thechartpatterntrader.com/
George.
Click on "In reply to", for Authors past commentaries.
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