Our preference: SHORT positions below 104.1 with 100.85 & 99.65 as next targets.
Alternative scenario: The upside penetration of 104.1 will call for a rebound towards 105 & 105.6.
Comment: the RSI is bearish and calls for further downside.
Thursday, September 26, 2013
Crude Oil (Nov 13) intraday: key ST resistance at 104.1
Pivot: 104.10
Our preference: SHORT positions below 104.1 with 100.85 & 99.65 as next targets.
Alternative scenario: The upside penetration of 104.1 will call for a rebound towards 105 & 105.6.
Comment: the RSI is bearish and calls for further downside.
Our preference: SHORT positions below 104.1 with 100.85 & 99.65 as next targets.
Alternative scenario: The upside penetration of 104.1 will call for a rebound towards 105 & 105.6.
Comment: the RSI is bearish and calls for further downside.
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