Thursday, November 3, 2011

Crude Oil‏ level in comex

Pivot: 77.5

Our preference: Long positions above 77.5 with targets @ 95 & 99.7 in extension.

Alternative scenario: Below 77.5 look for further downside with 68 & 62.7 as targets.

Comment: the RSI is bullish and calls for further advance.

Key levels
105
99.7
95
93.52 last
77.5
68
62.7









              

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