Forex Investment and Currency Trading

(06/12) Crude continues to trade in the rising channel and the trend is up. There are few indications to suggest the uptrend is in trouble.
(06/05) The hold of the support area just above $120 and the subsequent bullish key day reversal today leads us to believe that the correction is over and that Crude may now rally to yet another new all time high.
At least $140 with a possible extension towards $155-160 now looks a danger
(05/29) The rising trend line across the highs comes in at 4138.
(05/22) Very difficult to call tops in moves like this as we have seen. [...]

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Crude oil prices continue to set new highs despite rising inventories and signs of slowing demand growth. While physical market balances appear to be loosening, financial demand for crude oil continues to grow and, coupled with the weakness in the US dollar, is likely to provide support in the near term. The sell-off across commodities following a prominent US bank’s demise underscored the increased vulnerability of energy commodities in times of liquidity concerns and overall risk reduction.
Crude oil started this year rallying above $100 and the roar and thunder has only strengthened since, with the prompt month now comfortably in [...]

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