Monday, December 3, 2012

Crude Oil‏ (Jan 13) intraday: the bias remains bullish.


Pivot: 87.65
Our preference: LONG positions above 87.65 with 89.6 & 90.8 as next targets.
Alternative scenario: The downside penetration of 87.65 will call for slide towards 87 & 85.35.
Comment: technically, the RSI is above its neutrality area at 50.


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