Tanalys

Crude Oil (Oct 13) intraday: bullish bias above 107.6

Pivot: 107.60

Our preference: LONG positions above 107.6 with targets @ 109.15 110.

Alternative scenario: The downside penetration of 107.6 will call for 106.8 105.7.

Comment: supported by a rising trend line.

Trend: ST Bullish; MT Bullish

Key levels Comment

110.7** Intraday resistance

110** Fib retracement (61.8%)

109.15** Intraday resistance

108.68 Last

107.6*** Intraday pivot point

106.8** Intraday support

105.7** Intraday support

Copyright 1999 – 2013 TRADING CENTRAL

Exit mobile version