Tuesday, January 3, 2017 Morning Crude Comments from MB

Impressive rally in crude oil overnight. I can’t find anywhere to sell with forthought, and I have no conviction to step in front of this trend, therefore looking to buy a dip. I like buying the levels below today, risking .20 to make $1.00
 
$54.50 (*) Support
 
$54.00 (**) Support
 
$53.50 (***) Support
 
All the best;


Michael Blythe
Futures Strategist
Hamzei Analytics, LLC