Crude Oil Chart

Sunday, June 29, 2014 Posted by Ayman Khlifat

On the daily chart, we see the price reversed from the beneath of the channel top line by having a harmonic pattern being formed. As it continues, i am expecting a drop if the bottom of the channel has been broken lower by the price. looking this week to test 103.80/104.
keep in mind : The situation in Iraq is more stable than past week, the city of Tikrit is freed by army today, & Mosel is in hands of Iraq's army 

Target @103.80 stop @106.25

Ayman Khlifat on Twitter @aymankkhlifat
Email :