New Signal: Crude Oil Price Shoot Higher Over Tension in the Middle East & bombing of Saudi Arabia oil Reserve

 In Market News, Technical View, Trading Signals

New Signal: Crude Oil Price Shoots Higher Over Tension in the Middle East & bombing of Saudi Arabia oil Reserve. According to the press, about 5% of the world’s oil supply went in flame…

looking at the chart, we can see a very strong price breakout over declining trend line resistance. Currently price is holding at the $62.0 level. Considering the rising tension and the technical price breakout, we believeĀ  it is time to BUY Crude Oil Futures at current price level and set a first Take Profit Target at $65.50.

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