Crude Oil - Rallies as Hurricane Threatens, target at 70.52
in 5 Sep, the price projection have achieved and oil rallies to 70 with concern on hurricane Florence approaching US East Coast. (Read below article for further details.)
On the daily chart, price reached low at 61.8%, which suggesting the oil primary up trend remain intact. The current up swing projection at 70.52 & 72.78. Trader please aware tonight EIA oil inventory data to release at 10:30 pm. Development of hurricane could cause chaos to oil price as well.
https://www.marketwatch.com/story/oil-buoyed-by-iran-sanctions-signs-of-demand-2018-09-11
On the daily chart, price reached low at 61.8%, which suggesting the oil primary up trend remain intact. The current up swing projection at 70.52 & 72.78. Trader please aware tonight EIA oil inventory data to release at 10:30 pm. Development of hurricane could cause chaos to oil price as well.
https://www.marketwatch.com/story/oil-buoyed-by-iran-sanctions-signs-of-demand-2018-09-11
