Thursday, August 29, 2013

Crude Oil‏ (Oct 13) intraday: key ST resistance at 110.7

Pivot: 110.70

Our preference: SHORT positions below 110.7 with targets @ 108.3 & 107.4.

Alternative scenario: The upside penetration of 110.7 will call for 112.2 & 114.

Comment: the RSI is bearish and calls for further downside.
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