Commodity Review - Crude oil
Crude oil Trade this time above 80 $
Now whats the next target of crude oil in this months ?
Crude oil after 2 months reach 80 $ ,
In Jan month crude touches level of 80$
Now after two Months Crude Back again in 80 levels
Crude will be reach 85 $ is first target with in 10- 15 days
Reason - Demand Of crude oil still not rise but recovery of economy
and Strong buying support of shares , bond markets support the price of crude
Which helps the Crude price to reach the level of 85$ very soon and middle of year we will see the crude price to touch 100 $ levels and target of end of this year 2010 we will be between 100$ to 110 $
But Crude also correct 20% after touch 95$ so both upwards and downward trends shows crude this year 2010 but
20 % return in crude this year we expect from this levels
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