Saturday, August 31, 2013

Oil futures

OIL 
Next price targets for oil based on Fibonacci extensions. See chart. Unfortunately, this all depends on what happens in Syria. I believe if Oblamea attacks - commodities will explode. Just my opinion! Hope this helps.



If you don't trade futures, you can use the USO etf.

Long @ 38.63
Target 1 39.46 HIT 
Target 2 40.29
Stop @ 39.66 

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