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TFC Commodity Trading Forum

Re: Feb. light Crude
In Response To: Re: Feb. light Crude ()

A nice wedge is building that is defined well on the 5 hour chart...a solid break above 58 or below 55 should point the direction for a large price move...I am thinking up of course because of the technical reversal last Wednesday...
But volume should be light around the holidays so expect anything...could have some crazy reversals after the breakout too, who knows, but I do think we see $70-$75 within a 2-3 weeks if we break above $59.20