Friday, December 2, 2016
Friday, December 2, 2016 Morning Crude Comments from MB
Crude taking small breather, shorts feel more comfortable coming back in above $50-$51. Bulls need to build a floor above $50, bears need to return that as a ceiling.
$51.80 (**) TGT 3 + Resist
$51.52 (*) Higher TGT 2
$51.25 (*) First Higher Target + Some Resist
$50.74 (*) Early Pivot – Sets Bias
$50.20 (**) First Lower Target + Support
$50.00 (**) Psychological ## Target 2 + Support
$49.75 (***) TGT 3 + Support
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
Friday, December 2, 2016 Morning Bond Comments from MB
Good morning. Bond market unable to get much of a lift even with equity weakness. Hard to think of buying any dips today, I prefer shorting the (***) levels.
151’22 (***)
151’00 (***) Strong Resistance
150’16 (**)
149’12 (*) First Lower Target + Small Support
149’02 (*) Lower TGT 2 + Small Support
149’22 (*) TGT 3
148’12 (**) TGT 4 + Some support
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
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