short term buy on oil
waiting for the oullback to finish to look for an entry. May enter before market closes or after it opens around 6pm. going for about 150 pips to (8.oo to see if it will break this pervious resistance.
Russia has not begun backing down from Ukriane. they bombed Kharkiv, Ukrainian. Dozens were killed and hundreds wounded. ALso there is a possibility that oil will be pulled out of storage. U.S. storage is already the lowest its been since 2002. Supply fears causes oil to go up, they will have a decision by today or tomorrow.
Russia has not begun backing down from Ukriane. they bombed Kharkiv, Ukrainian. Dozens were killed and hundreds wounded. ALso there is a possibility that oil will be pulled out of storage. U.S. storage is already the lowest its been since 2002. Supply fears causes oil to go up, they will have a decision by today or tomorrow.
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