Crude oil down on profit-taking
Sort of Symmetrical Triangle formation but more Ascending Triangle rather than Symmetrical can be seen on Crude Oil Daily chart. Anyway, I really like price movements within any kind of triangles until it gets really tight and hot, and when it gets broken it's another opportunity where we want to be placing our orders, right? My prediction is a short term prediction where it all depends on further price development. It's going to hit $100,40 soon or later and if it stays above $100 per Barrel we can expect another upward movements later next month. Crude Oil hasn't made the push higher recently in order to break its strong March and April resistance...therefore we can predict where the price can possibly go.
Do not take my prediction as an investment advice !
Do not take my prediction as an investment advice !
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