Re: Crude Oil (CLG16) .. next move?!

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In Response To: Re: Crude Oil (CLG16) .. next move?! ()

Jacko,
Crude appears to be consolidating at this level. Your target of $ 36.00 is still a long way off and I would be cautious here as there are more obstacles to any rise in crude.
Anything is possible in this market as more fallout from geo-pol events take their course.
I wouldn't be surprised to see a retest of the 29.95 low - and a dip into the mid - high 20's. I can't see anything on the horizon that would support higher prices.
But... there's ALWAYS a but... Crude has surprised us before.....

Still short Brent.

Best!