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U.S. Oil, Very Volatile

According to CNN, the United Kingdom has agreed that an attack on Syria is justified, this news send Oil prices surging. Oil broke the $110 briefly but has since fall below that level. The volatility in oil prices is very interesting to look at.

I have outline a few levels that I believe are intersting. The $110 level seems to be a level of resistance. News about a strike usually make oil shoot to this level but it has trouble staying above it for a long time. The second level around $109.50 seems to be an area of weaker resistance. There also seems to be a weak support around $109.15.