Crude Oil Aug 1-2012

Trade Idea Crude Oil (Sep 12) intraday: the downside prevails.

Pivot: 89.00 Our Preference: SHORT positions below 89 with targets @ 87.3 & 86.8. Alternative scenario: The upside penetration of 89 will call for a rebound towards 90.3 & 90.9. Comment: as long as 89 is resistance, look for choppy price action with a bearish bias.

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. Visit Us www.deryworldscorp.web.id