crude oil taking a beating past 2 weeks and continuation in the 3rd week with support found @ 46.75/47.00 this looks much better for entering longs @ 47.10 with 46.45 as the stoploss and aiming for 48.80 as 1st target and 2nd as 50.20 the initial resistance if 50.20 is taken before thursday closing expect some more upside towrad 100% retracement on friday closing, with next week inventory data expecting bullish.
Interesting thoughts
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From 47.10 to 47.70 it seams we are on right path. go up crude go up.
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