CRUDE OIL: Peace Talks Failure Favors The Bulls!Crude Oil FuturesNYMEX:CL1!RT_MoneyIn this Weekly Market Forecast, we will analyze the US OIL for the week of April 13-17th. US Crude Oil closed a very bearish week last Friday. The world was optimistic as a cease fire was put in place, and officials from both sides sat at the negotiations table in Islamabad. But the talks failed, and the US imposed a blockade on the Strait of Hormuz. This resulted in a gap open above $100.00 a barrel for the new week ahead. Oh boy. We can expect the price for crude to continue to rise in the near term until there is a fundamental change for the better in the Middle East. But do not jump into buys! Wait for the market to confirm buys on a technical basis. When a premium or discount array holds or fails, this is the confirmation signal to enter new trades! Patience. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.