Monday, November 14, 2011

Crude Oil‏ (Dec 11) intraday: the bias remains bullish.

                              Pivot: 97.50

My Preference: LONG positions above 97.5 with targets @ 99.3 & 100.5.

Alternative scenario: The downside penetration of 97.5 will call for a slide towards 95.3 & 93.65.

Comment: the price is challenging its channel support.

Trend: ST Bullish; MT Ltd upside


                                         Key levels Comment 

101** Intraday resistance
100.5* Intraday resistance
99.3* Intraday resistance

97.84 Last 
97.5** Intraday pivot point
95.3** Intraday support
93.65** Intraday support 



         


   
       

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