Our preference: SHORT positions below 102.25 with 100.85 & 99.65 in sight.
Alternative scenario: The upside penetration of 102.25 will call for 103.15 & 103.75.
Comment: the break below 102.25 is a negative signal that has opened a path to 100.85.
Monday, September 30, 2013
Crude Oil (Nov 13) intraday: the downside prevails.
Pivot: 102.25
Our preference: SHORT positions below 102.25 with 100.85 & 99.65 in sight.
Alternative scenario: The upside penetration of 102.25 will call for 103.15 & 103.75.
Comment: the break below 102.25 is a negative signal that has opened a path to 100.85.
Our preference: SHORT positions below 102.25 with 100.85 & 99.65 in sight.
Alternative scenario: The upside penetration of 102.25 will call for 103.15 & 103.75.
Comment: the break below 102.25 is a negative signal that has opened a path to 100.85.
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