Markets - Crude Oil $123.64 up+0.11 bar chart.
Here is the bar chart going back to the last major low of $51.03 in Jan.2007.
Since that time, Crude has held the lower channel line if drawn from the $51
low to low $68.63 and the third low at $85.42. This line comes to the present
price at $100. On the p&t chart the lowest support is at $108. These are the
prices that the L.T.rise in Gold will be taken out. Like we had with the Gold p&f.
This report tonight, is to inform you of my 'next" target high for the Crude price.
If this rise matches the previous wave, I get a target of $123 off the math chart.
By calculation off the last low of $98.65, I get a target of $128.74.
Since today, I have not risen my target, last given on Apr.4th then at $104 and
the target was $115.62. As we have gone over the sq.of 11, at $121 is the main
reason for the "next" target of $123 and $128. Over $123, S.T.overbought.
These forecast targets are becoming a difficult to predict presently.
Crude closed $124.64, hit a intraday high of $124.61.
N.G. $11.26 dn-0.06. Gold $880 dn-2.70. US$ 73.36 dn-0.08.
Charlton Capital Ltd. Mr.618 . Good luck!
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