Monday, July 16, 2012

Crude Oil Jul 16 - 2012


Trade Idea Crude Oil (Aug 12) intraday: the bias remains bullish.

Pivot: 86.00
Our Preference: LONG positions above 86 with targets @ 88 & 88.75.
Alternative scenario: The downside penetration of 86 will call for 85.5 & 84.2.
Comment: intraday support around 86

Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
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