Daily Trading Report for Brent Crude Oil November Contract by CharmerCharts

By International Business Times,  September 17, 2012, 07:29:08 AM EDT

Brent for November needs to beat 117.03 for a run to 117.38/50 and if we can push through here we can retest the 117.95 highs. A break above this point sets us on a path to the weekly 76.4% Fib level of 118.98.

Support seen at 116.63/46 but below 116.30 could keep the pressure on for 115.81 and a buying opportunity here today. Stops below 115.50 for support at 115.14 and below here 114.48/21 should see a wave of buyers piling in.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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