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Khamis, 16 Februari 2012

Analysis Crude Oil - 17 Feb 0755

Crude Oil (Mar 12) intraday: further upside.
Update on supports and resistances. ( 17/02/2012 07:55 )



Pivot: 101.00

Our Preference: LONG positions above 101 with 102.65 & 103.15 as next targets.

Alternative scenario: The downside penetration of 101 will call for 100 & 99.35.

Comment: the immediate trend remains up and the momentum is strong.

Trend: ST Bullish; MT Ltd upside

Key levels Comment

104** Intraday resistance
103.15** Intraday resistance
102.65** Intraday resistance

101.38 Last

101** Intraday pivot point
100* Fib retracement (50%)
99.35** Fib retracement (61.8%)


TIPS

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