We are hitting the targets. Our next target is 56.40 and we hope to hit our next target on Crude Oil this week.

Some of our crude trades: Crude Oil Trades

Daily Fundamentals:

Crude oil prices gained in Asia on Monday on by fresh drilling-activity declines in the U.S. last week and an apparent weekend purge of some in the Saudi royal family, including billionaire investor al-Waleed.

U.S. West Texas Intermediate (WTI) crude futures rose 0.31% to $55.81 a barrel, while Brent crude futures, the benchmark for oil prices outside the U.S., gained 0.30% to $62.26 a barrel, taking both to levels not seen since July 2015.

In weekend news, Saudi Arabia’s King Salman bin Abdelaziz, announced the formation of a ‘supreme committee chaired by Crown Prince (Mohammed bin Salman) and Chairman of the Monitoring and Investigation Commission, Chairman of the National Anti-Corruption Authority, Chief of the General Audit Bureau, Attorney General and Head of State Security’.

Technicals:

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CRUDE-OIL-DAILY-CHART

Source: http://www.fxters.com/crude-oil-forecast-technical-analysis-november-6th/

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