Friday, 24 February 2012

What a breakout of Crude Oil! Did you make $?

Dear Friends,

In my last article, "Will Light Crude break out of 5 tops?" dated 17 Feb 2012

http://www.danielloh.com/2012/02/will-light-crude-oil-break-out-of-5.html

I mentioned  that you may look at Crude Oil. Indeed, see how it flies now. With Iran problems still around, there seems to be no stoppage of this momentum. Let us see if it goes to $114, the recent high. May have slight resistance at $110.

But do take note that with this oil price going higher, this may become a problem to the earnings of some companies. Currently, we are burying this problem amid the Bull Run.


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