Crude Oil Breakout to Carry Gold Much Higher
http://kingworldnews.com
Posted on Tuesday, February 21, 2012
With oil breaking above the critical resistance level discussed in the KWN Weekly Metals Wrap over the weekend, today King World News interviewed legendary Jim Sinclair's chartist Dan Norcini. Norcini had been talking about the critical $105 level in Saturday's interview and here is what Norcini had to say now that oil has broken out to the uspide: "Oil has broken above the critical $105 area of resistance. If we can get a couple of closes above $105 we should see a substantial spike higher in the price of crude oil. The next move should take crude $10 higher to the resistance area at $115."
Read the rest at the original source.
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