Our preference: SHORT positions below 106.4 with targets @ 104.7 & 103.75.
Alternative scenario: The upside penetration of 106.4 will call for a rebound towards 107.3 & 108.2.
Comment: technically, the RSI is below its neutrality area at 50.
Tuesday, September 17, 2013
Crude Oil (Nov 13) intraday: key ST resistance at 106.4
Pivot: 106.40
Our preference: SHORT positions below 106.4 with targets @ 104.7 & 103.75.
Alternative scenario: The upside penetration of 106.4 will call for a rebound towards 107.3 & 108.2.
Comment: technically, the RSI is below its neutrality area at 50.
Our preference: SHORT positions below 106.4 with targets @ 104.7 & 103.75.
Alternative scenario: The upside penetration of 106.4 will call for a rebound towards 107.3 & 108.2.
Comment: technically, the RSI is below its neutrality area at 50.
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