Thursday, 7 September 2017
Crude Oil: 7 September 2017, Thursday, 9.30am Singapore Time
7 September 2017, Thursday, 9.30am Singapore Time
(Click on Chart Above to Expand)
Attached above is the technicals for Crude Oil. The red circled zone is my live warnings back in end-2013 to 2014 forewarning of a severe crash before price actions came executing it. The green circled zone is my live warnings back in 1H-2016 forewarning that crude oil will make a rock bottom (true bottom) in 1H-2016 before price actions came executing it. Crude oil is in sweet spot in 3Q-2017 on. A war conflict in Korean Peninsula and East Asia will spike up demand for crude oil and bring it up sharply towards $73.00 target zone. If there is no war, the economic recovery worldwide will still slowly bring crude oil up towards the $73.00 mark. Crude oil related stocks will continue their jog up.