Crude Oil (Feb 12) intraday: bullish bias above 100.15
Pivot: 100.15
Our Preference: LONG positions above 100.15 with 101.85 & 102.5 in sight.
Alternative scenario: The downside breakout of 100.15 will open the way to 99.35 & 98.55.
Comment: the immediate trend remains up and the momentum is strong.
Trend: ST Ltd upside; MT Ltd upside
Key levels Comment
103** Intraday resistance
102.5** Intraday resistance
101.85** Intraday resistance
101.6 Last
100.15*** Intraday pivot point
99.35** Intraday support
98.55** Intraday support
Pivot: 100.15
Our Preference: LONG positions above 100.15 with 101.85 & 102.5 in sight.
Alternative scenario: The downside breakout of 100.15 will open the way to 99.35 & 98.55.
Comment: the immediate trend remains up and the momentum is strong.
Trend: ST Ltd upside; MT Ltd upside
Key levels Comment
103** Intraday resistance
102.5** Intraday resistance
101.85** Intraday resistance
101.6 Last
100.15*** Intraday pivot point
99.35** Intraday support
98.55** Intraday support
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