Oil Continues to Close the Gap
February 24th, 2012Warning: This is not a recommendation to buy, sell or hold any financial instrument.
We’re looking at a break higher out of a triangle formed by the monthly interval candles on WTI. My guess is that it will see the resistance at around $114.80, but that it will continue higher after consolidating. If it clears $114.80, my guess is that the target would become $147.
West Texas Intermediate Crude Oil, Monthly Interval
Flashback: Oil Could Be On Brink Of Terrifying Move Higher
