USD Trading Outlook (11-12-2015)

 

OIL

Pivot: 38.6

Our preference: short positions below 38.6 with targets @ 36.6 & 35.9 in extension.

Alternative scenario: above 38.6 look for further upside with 39.2 & 39.8 as targets.

Comment: as long as 38.6 is resistance, likely decline to 36.6.

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