Oil has a consolidatian pattern and should breakout to the upside target 146/8.
Thursday, June 26, 2008
update technical for US markets and oil
The spx target 1300 will be extended to 1260/70, ndx broke out of a similar formation, as spx before, and has a target of 1780/1800. vix will brake out of a triangle pattern with target 28/30, with sox a leading component.
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