Crude oil bouce back but failed to hold above 105$/bbl
Short Term Target 103.50
Stop Loss 1ATR(20) ~1.134$
Target 1 : 103.50
Target 2 : 102.50
-new high at ~105 failed.
-Ongoing OPEC meeting have offered no surprises and we don’t expect the Cartel’s communique to exert much price impact.
Geopolitical Risk: increased violence in Iraq
Stop Loss 1ATR(20) ~1.134$
Target 1 : 103.50
Target 2 : 102.50
-new high at ~105 failed.
-Ongoing OPEC meeting have offered no surprises and we don’t expect the Cartel’s communique to exert much price impact.
Geopolitical Risk: increased violence in Iraq