Friday, November 4, 2011

TODAY CRUDE OIL LEVEL IN COMEX

                                                                                      Pivot: 93.25

Our Preference: LONG positions above 93.25 with 95.1 & 95.65 as next targets.

Alternative scenario: The downside penetration of 93.25 will call for a slide towards 91.8 & 90.9.

Comment: the break above 93.25 is a positive signal that has opened a path to 95.1.

Trend: ST Ltd upside; MT Range


Key levels Comment

96.9* Fib projection
95.65* Fib projection
95.1* Fib projection
94.25 Last
93.25** Intraday pivot point
91.8** Intraday support
90.9** Intraday support





                       


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