Crude Oil (Feb 12) intraday: bounce.

Monday, 09 January 2012 09:04 ForextivaBiz

Pivot: 100.50
Our Preference: LONG positions above 100.5 with 102 & 102.7 in sight.
Alternative scenario: The downside penetration of 100.5 will call for 99.85 & 98.8.
Comment: the 50% retracement level at 101 should maintain upward pressure.

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