Oil May Head to $100 With Two-Year Support: Technical Analysis – Bloomberg 02-12-13

Salient to Investors:

Jordan Kotick at Barclays said New York oil’s 2-year mean is underpinning closing prices on the weekly chart at around $95.15 a barrel – buyers are emerging near the $95 level, signaling oil may test the $98.25 to $98.35 range, and may rise to $100 a barrel if buying interest along the 2-yr moving average pushes prices above $98.35.

Read the full article at http://www.bloomberg.com/news/2013-02-13/oil-may-head-to-100-with-two-year-support-technical-analysis.html

 

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