Our preference: LONG positions above 101 with 102.75 & 103.75 as next targets.
Alternative scenario: The downside penetration of 101 will call for 99.65 & 98.4.
Comment: a support base at 101 has formed and has allowed for a temporary stabilisation.
Tuesday, October 1, 2013
Crude Oil (Nov 13) intraday: the bias remains bullish.
Pivot: 101.00
Our preference: LONG positions above 101 with 102.75 & 103.75 as next targets.
Alternative scenario: The downside penetration of 101 will call for 99.65 & 98.4.
Comment: a support base at 101 has formed and has allowed for a temporary stabilisation.
Our preference: LONG positions above 101 with 102.75 & 103.75 as next targets.
Alternative scenario: The downside penetration of 101 will call for 99.65 & 98.4.
Comment: a support base at 101 has formed and has allowed for a temporary stabilisation.
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