Thursday, October 18, 2012

Crude Oil‏ (Nov 12) intraday: key ST resistance at 92.85


Pivot: 92.85
Our preference: SHORT positions below 92.85 with targets @ 91.55 & 90.8.
Alternative scenario: the upside penetration of 92.85 will call for a rebound towards 93.3 & 93.7.
Comment: as long as 92.85 is resistance, likely decline to 91.55.



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