Hamzei Analytics Financial Network: Friday, December 2, 2016 Morning Crude Comments from MB

Friday, December 2, 2016

Friday, December 2, 2016 Morning Crude Comments from MB

Crude taking small breather, shorts feel more comfortable coming back in above $50-$51. Bulls need to build a floor above $50, bears need to return that as a ceiling.

$51.80 (**) TGT 3 + Resist

$51.52 (*) Higher TGT 2

$51.25 (*) First Higher Target + Some Resist

$50.74 (*) Early Pivot – Sets Bias

$50.20 (**) First Lower Target + Support

$50.00 (**) Psychological ## Target 2 + Support

$49.75 (***) TGT 3 + Support

All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC

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Friday, December 2, 2016

Friday, December 2, 2016 Morning Crude Comments from MB

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