Monday, December 5, 2016 Morning Crude Comments from MB

Hello. Crude oil futures been holding the $50 handle as a floor, thus leading to higher prices.

I like buying the $51.10 level, risking .25 to make .50 or selling $52.85 (the halfway marking beween $52.70 and $53.00) risking .25 to make .75


$53.00 (***)

$52.70 (**) TGT 3 + Resist

$52.40 (*) TGT 2 + Some Resist

$52.10 (*) First Higher Target

$51.80 (*) Early Pivot

$51.40 (*) First Lower Target + Small Support

$51.10 (*) TGT 2 + Small Support

$50.20 (**)


All the best;

Michael Blythe
Futures Strategist
Hamzei Analytics, LLC