Crude Oil (Feb 12) intraday: the downside prevails.
Pivot: 100.65
Our Preference: SHORT positions below 100.65 with targets @ 98.55 & 98.
Alternative scenario: The upside breakout of 100.65 will open the way to 101.75 & 102.5.
Comment: the break below 100.65 is a negative signal that has opened a path to 98.55.
Trend: ST Ltd upside; MT Ltd upside
Key levels Comment
102.5** Intraday resistance
101.75** Intraday resistance
100.65*** Intraday pivot point
99.54 Last
98.55** Intraday support
98** Intraday support
96.8** Intraday support
Pivot: 100.65
Our Preference: SHORT positions below 100.65 with targets @ 98.55 & 98.
Alternative scenario: The upside breakout of 100.65 will open the way to 101.75 & 102.5.
Comment: the break below 100.65 is a negative signal that has opened a path to 98.55.
Trend: ST Ltd upside; MT Ltd upside
Key levels Comment
102.5** Intraday resistance
101.75** Intraday resistance
100.65*** Intraday pivot point
99.54 Last
98.55** Intraday support
98** Intraday support
96.8** Intraday support
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