Crude oil price has touched $73 again.

[richardm1964]

Economic data from US are showing clear signs of recovery and also clearing the dark smokes of economic recession everyday. The Crude oil price movement is an economic indicator. After going down below $70/Barrel Past week it has climbed again almost to $73 mark. The next immediate target is $75.5. Once it crosses that $75.5/Barrel resistance, we may witness crude price reaching $80 again.

Last edited by a moderator: Dec 16, 2009

 

[mneilson]

That's right and you have perfectly predicted the price escalation of crude. The next announcement of two day sessions of FOMC began from 15th December 2009, would decides the next move of crude oil, gold and stock markets.