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Is crude oil headed for $100 a barrel?
Posted by admin | Posted in Forex Trading, Paper Investments | Posted on 13-06-2009
Today we’re going to be looking at the crude oil (NYMEX_CL) market. This market has rapidly become the world currency of choice for many countries. What do I mean by that? With the dollar going down in value, it automatically pushes the value of crude oil higher.
http://www.ino.com/info/375/CD3399/&dp=0&l=0&campaignid=3
I analyze the July electronic contract for crude oil (NYMEX_CLN09.E) using some very simple tools that you can pull into your own trading. I’ve used our Fibonacci measurement tool as well as a classic chart pattern that has been around for over half a century.
So take a few minutes and see what the crude oil buzz is all about and if it’s really is going to go to a $100 a barrel.
http://www.ino.com/info/375/CD3399/&dp=0&l=0&campaignid=3
The video is free to watch and there is no need to register. I would love to get your feedback about this video on our blog.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
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