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TFC Commodity Trading Forum

April Crude/ Nice Test of the Breakout Point *PIC*

April Crude broke out above $105 resistance and after a run up clearing away all the stops, pulled back to the breakout pt in classic fashion. Price found support there and is rallying again. Price needs to clear the $110 recent high to suggest a rally to the double top at $114. There is very little resistance between $105 and $114. Seasonals are also very bullish from here ahead but seasonals have not been typical over the last few months either. So far looking very good for Crude.