Tuesday, December 4, 2012

Crude Oil‏ (Jan 13) intraday: bullish bias above 88.65


Pivot: 88.65
Our preference: LONG positions above 88.65 with 90.25 & 90.8 in sight.
Alternative scenario: The downside penetration of 88.65 will call for a slide towards 87.5 & 86.5.
Comment: the RSI is mixed and calls for caution.


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