Tuesday, November 29, 2016 #PreMarket Morning Crude Oil Comments from MB

Hello again. The buy the rumor last week seems to be resulting in a sell the news now as OPEC deal seems less certain. I’m watching the Jan 17 contract.

Please note I am settling into giving CL commentary so give me a couple days to “break in” please.


 $47.00 (***) Target 2 + Stronger Resist

$46.65 (**) First Daily Target + Resistance

$46.10 (*) Early Pivot – Sets Bias

$45.75 (*) First Lower Target

$45.20 (**) TGT 2 + Some Support

$45.00 (***) Longer Term Pivot




All the best;


Michael Blythe
Futures Strategist
Hamzei Analytics, LLC