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23rd November 2011, 07:22
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Crude Oil Technical Analysis
Technical Analysis
Crude Oil (NYMEX) www.masrfx.com Crude Oil (Jan 12) intraday: the downside prevails. Pivot: 97.50 Our Preference: SHORT positions below 97.5 with 95.75 & 95.2 in sight. Alternative scenario: The upside penetration of 97.5 will call for 98.5 & 99.3. Comment: the RSI is bearish and calls for further downside. Trend: ST Consolidation; MT Ltd upside Key levels Comment 99.3*** Fib retracement (50%) 98.5*** Fib retracement (38.2%) 97.5** Intraday pivot point 96.67 Last 95.75** Intraday support 95.2** Intraday support 94.1*** Intraday support 
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