Tuesday, December 4, 2012

Crude Oil‏ (Jan 13) intraday: the downside prevails.


Pivot: 90.25
Our preference: SHORT positions below 90.25 with 87.5 & 86.5 as next targets.
Alternative scenario: The upside penetration of 90.25 will call for a rebound towards 90.8 & 91.6.
Comment: break of a ST rising trendline support.


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