Thursday, December 8, 2016

Thursday, December 8, 2016 Morning Crude Comments

Thursday, December 8, 2016 Morning Crude CommentsSocialTwist Tell-a-Friend

Crude $50 gave way, intraday charts showing lower highs and lower lows, now the question is, how sufficient is a 5% pullback?

If the morning is slow to moderate in terms of volatility, I like buying $49.70 with small size, risking .25 to make .50, or selling the $50.45 price risking .25 to make .75.

 $51.00 (***)

$50.75 (*)

$50.45 (**) First Higher Target + Bears need to Defend

$50.00 (**) Pivotal

$49.70 (**) First Lower Target + Support

$49.39 (*) Second Lower Target

$49.08 (*) Third TGT + Some Support

All the best;

Michael Blythe
Futures Strategist
Hamzei Analytics, LLC

Disclaimer and Terms of Service

© Copyright 1998-2018, Hamzei Analytics, LLC. Hamzei Financial Network is published by Hamzei Analytics, LLC, 6840 Huntington Lakes Circle, Suite 201, Naples, FL 34119, (310) 306-1200. The information herein was obtained from sources which Hamzei Anlaytics, LLC believes are reliable, but we can not and do not guarantee its accuracy. None of the information, advertisements, website links, or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. Please note that Hamzei Analytics, LLC or its principals may already have invested or may from time to time invest in securities or commodities that are recommended or otherwise covered on this website. Neither Hamzei Analytics, LLC nor its principals intend to disclose the extent of any current holdings or future transactions with respect to any particular security or commodity. You should consider this possibility before investing in any security or commodity based upon statements and information contained in any report, post, comment or recommendation you receive from us. The content on this site is provided as general information only and should not be taken as investment or trading advice. Any action that you take as a result of information, analysis, or conclusion on this site is ultimately your responsibility. Always consult your financial adviser(s) before making any investment or trading decisions.