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1 OIL ANALYSIS : Professional traders are taking profits on OIL 1 We have a new UP TREND and strong candle break a PITCH FORK resistance 2 and my moving average ANDICATOR give a good signal for BUY 3 have on the chart a DIVERGENCE support my opinion about buy oil TARGET = 75$ = 0.61% FIBO
2 FUNDAMENTAL ANALYSIS , Oil Minister Ihsan Abdul Jabbar was quoted by the Official News Agency of Iraq as predicting that the price of crude would exceed $75 per barrel, adding that OPEC is trying to "control the energy market positively."