Nymex Crude poised to move higher – MPTrader

FXStreet (Barcelona) - Mike Paulenoff of MPTrader, believes that Nymex crude oil might make a run higher towards $56.08.

Key Quotes

“As for Oil, it is perched atop a two-month rounded base-like pattern, poised to make a run at the Feb 17 recovery-rally high at $56.08.”

“Only a decline that breaks $51.60 will compromise the timing of expected upside continuation in Oil.”