Friday, December 9, 2016 Morning Crude Comments from MB
Crude recapturing $50 handle yesterday now aiming for higher prices. I like selling the $51.95 price risking .35 to make 1.00, also like selling the $52.20, risking .25 to make 1.00. I like buying the $51.00 handle risking .25 to make .50.
$52.20 (***)
$51.95 (**) Second Higher Target + Resist
$51.55 (*) First Higher Target + Small Resist
$51.20 (*) Early Pivot
$50.95 (**) First Lower Target + Support
$50.70 (*) Second Target
$50.45 (**) Third Target + Support
$50.00 (***)
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
