Monday, December 19, 2016 Morning Crude Comments from MB

I don’t have an early pivot to set bias today. I like selling $53.00 on a bounce and adding at $53.20, using a .25 stop to earn $1.00. I think buying $52.13 with a .20 stop to make .50 is a fair trade.

$53.40 (***) Third Higher Target + Better Resist

$53.20 (**) Second Higher Target + Good Resist

$53.00 (*) First Higher Target + Some Resist

$52.13 (*) First Lower Target

$51.85 (*) Lower Target 2

$51.57 (**) Third Lower Target + Better Support

$51.11 (***) Pivotal



All the best;

Michael Blythe
Futures Strategist
Hamzei Analytics, LLC