CRUDE OIL
Crude oil futures for April have locked yesterday at a price of 104.50 United States dollars for one barrel of oil, We noted that duringthe week of trade, oil approached the level of 107 United States dollars for one barrel of oil, before retreating back down.
Therefore we believe that crude oil has to raise its price a little more, perhaps even levels of 108 00 dollars a barrel of crude, then from there would take a short break or fall to levels of 98 dollars a barrel.