Crude Soars-Objectives above 110
120 Minute Bars
Prepared by Jamie Saettele
Crude has exploded higher and trading above 107.73 would open the door for as high as 112.39 (100% extension of rally from 97.00) and probably quickly. Corrective channel resistance is at 114 this week and the longer term measured objective is at 117.38 (100% extension of rally from February 2009 low).
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