Our preference: SHORT positions below 104.1 with targets @ 102.3 & 100.85.
Alternative scenario: The upside penetration of 104.1 will call for a rebound towards 105 & 105.6.
Comment: as long as 104.1 is resistance, likely decline to 102.3.
Wednesday, September 25, 2013
Crude Oil (Nov 13) intraday: the downside prevails.
Pivot: 104.10
Our preference: SHORT positions below 104.1 with targets @ 102.3 & 100.85.
Alternative scenario: The upside penetration of 104.1 will call for a rebound towards 105 & 105.6.
Comment: as long as 104.1 is resistance, likely decline to 102.3.
Our preference: SHORT positions below 104.1 with targets @ 102.3 & 100.85.
Alternative scenario: The upside penetration of 104.1 will call for a rebound towards 105 & 105.6.
Comment: as long as 104.1 is resistance, likely decline to 102.3.
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