Tuesday, July 17, 2012

Crude Oil Jul 17-2012

 Trade Idea Crude Oil (Aug 12) intraday: further upside.

Pivot: 87.00
Our Preference: LONG positions above 87 with targets @ 88.75 & 90.15.
Alternative scenario: The downside breakout of 87 will open the way to 86.35 & 85.5.
Comment: the RSI is mixed and calls for caution.

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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