Crude Oil Is Headed Lower

Crude oil prices have been hovering above $100 per barrel since July. The initial move into triple digits was sparked by an Egyptian coup, but it was tension in Syria that kept prices afloat for the longer term. Following the political events of this summer, we were expecting what we view as "fluff" to come out of pricing.

Although it has taken much longer to materialize that we anticipated, the market isn't disappointing us. Crude oil has fallen from the $110-per-barrel area, to a low of about $100 and appears to have room to continue moving lower. We are targeting the $96 area initially, but prices could easily reach the low $90s....292 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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