Hamzei Analytics Financial Network: Friday, December 16, 2016 Morning Crude Comments from MB

Friday, December 16, 2016

Friday, December 16, 2016 Morning Crude Comments from MB

Volume finally moving into the Feb contract with the overnight volume slightly higher than the Jan. So all levels are CLG7 now.

I like buying $51.60, risking .20 to make .50 or selling $52.88, risking .20 to make .50 and selling $53.15, risking .25 to make $1.00

$53.18 (***) TGT 3 + Resist

$52.88 (**) TGT 2 + Resist

$52.55 (*) First Higher Target + Some Resist

$52.36 (*) Early Pivot

$51.97 (*) First Lower TGT

$51.58 (**) TGT 2 + Support

$51.10 (***) TGT 3 + Support

All the best;

Michael Blythe
Futures Strategist
Hamzei Analytics, LLC

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Friday, December 16, 2016

Friday, December 16, 2016 Morning Crude Comments from MB

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