Wednesday, October 31, 2012

Crude Oil‏ (Dec 12) intraday: the downside prevails.

Pivot: 86.75
Our preference: SHORT positions below 86.75 with 85 & 84.4 as next targets.
Alternative scenario: The upside penetration of 86.75 will call for a rebound towards 87.5 & 88.25.
Comment: the RSI is mixed and calls for caution.


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