My facebook and blog post on the 9th of January here forecast crude oil to test $55 – $60 and it did surpass $55 on the 31st of January.
It has corrected a little.
This gives us an opportunity to look for long trades this week and next as there may be another wave to go up and may even break through the previous high of 55.75 set on the 4th of Feb.
I may not be right all the time but I will stick to my analysis and forecast and cut if I am wrong.
Let’s see how this goes.