V3Go Outlook on Crude Oil: May test US$77/barrel
Posted by admin in Commodities, Futures Pick, Market AnalysisGood Evening,
Using our V3Go Techniques, Crude Oil should be trading between the US$73.88~US$75.74 band today, towards the upside as it is trading above OP and within the UT V3Go TSC and accompanied with the V3Go BC. A double Combo Long call for TODAY.
Currently, it is trading at US$75.64. If it can close above US$75.69 today, then I am pretty confident to see it trading the US$77/barrel mark as the first level then follow by US$79.18 level. Overall, with the Eurozone debt issues getting resolve, I am looking at this commodity to hit US$80/barrel by end of March 2010. The V3Go Support level is currently at US$71.64 level.
If that really happen, then I am expecting the world stock market to follow the same direction, especially the commodity related stocks.
Nothing is 100% but as long as you know how to self-manage your money management on your trades, all risk can be taken care of.
May you make more money form the market.
Disclaimer apply as usual.
Kelvin Han
aka Trend Master
Originator of V3Go Mentoring Program
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