Crude oil continues to climb higher as instability in the Middle East continues and global economic optimism increases. It seems economic optimisim is likely to continue at least for the first term in 2018, and the Crude Oil may break the important resistance sitting at $62. Depending whether the Oil price will break above the $62.40, we will or not develop long trategies. In opposition to this scenario, if the Oil price pull backs towards $55, new long strategies can also be discussed.
Good luck fellow traders
Good luck fellow traders