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