FX.co ★ CRUDE OIL Bullish Outlook April 01, 2011 (Daily Strategy)

CRUDE OIL

The instability will continue supporting the price of black gold, which has stopped for a brief rest after having leaped up rapidly from the levels of 85 to the highs of 107.

There exists a serious chance that the price of crude oil continues raising its price, therefore, a return to the level of 105.00 would be a good opportunity to buy with an goal to the level of 110.70 dollars for a barrel of oil.