OIL, Sept 12-2012

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

Pivot: 96.60 Our Preference: LONG positions above 96.6 with targets @ 98.25 & 99.5. Alternative scenario: The downside penetration of 96.6 will call for a slide towards 95.95 & 95.5. Comment: the RSI is bullish and calls for further advance.

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