Pivot: 1600.00\
Our Preference: SHORT positions below 1600 with 1576 & 1569 in sight.
Alternative scenario: The upside breakout of 1600 will open the way to 1610 & 1618.
Comment: the price has broken below its rising trend line.
Crude oil
| Pivot: 97.65 Our Preference: LONG positions above 97.65 with 99.25 & 99.85 in sight. Alternative scenario: The downside penetration of 97.65 will call for 96.75 & 95.65. Comment: intraday support around 97.65. |
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