Tuesday, December 6, 2016

Tuesday, November 6, 2016 Morning Crude Comments

Tuesday, November 6, 2016 Morning Crude CommentsSocialTwist Tell-a-Friend

One of my ideas triggered yesterday, buying $51.10 looking for a .50 move, and we just barely got that overnight, and this morning Crude is looking weak after making a lower high, now it’s making a lower low as it appears that the $50 price could be tested soon.

I think over $50, and I still have to look to buy dips. My idea for the day is buying $50.20 small and adding at $50.00, risking .25 to make .75.

$51.60 (*) Second TGT + Some Resist

$51.30 (*) First Higher Target + Some Resist

$51.00 (*) Early Pivot

$50.50 (*) First Lower Target + Some Support

$50.20 (*) Lower Target 2 + Some Support

$50.00 (***) Pivotal

$49.70 (**)

All the best;

Michael Blythe
Futures Strategist
Hamzei Analytics, LLC

Disclaimer and Terms of Service

© Copyright 1998-2023, Hamzei Analytics, LLC. Hamzei Financial Network is published by Hamzei Analytics, LLC, Naples, FL 34112, Admin@HamzeiAnalytics.com (310) 306-1200. The information herein was obtained from sources which Hamzei Analytics, 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.