Our preference: SHORT positions below 111.3 with 110.25 & 109.8 as next targets.
Alternative scenario: The upside penetration of 111.3 will call for a rebound towards 111.95 & 112.75.
Comment: the RSI is below its neutrality area at 50%
Monday, September 16, 2013
Brent (Nov 13) intraday: key ST resistance at 111.3
Pivot: 111.30
Our preference: SHORT positions below 111.3 with 110.25 & 109.8 as next targets.
Alternative scenario: The upside penetration of 111.3 will call for a rebound towards 111.95 & 112.75.
Comment: the RSI is below its neutrality area at 50%
Our preference: SHORT positions below 111.3 with 110.25 & 109.8 as next targets.
Alternative scenario: The upside penetration of 111.3 will call for a rebound towards 111.95 & 112.75.
Comment: the RSI is below its neutrality area at 50%
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