Crude Oil (Oct 13) intraday: rebound expected. 4.9.2013 (Morning - TopicsExpress

Crude Oil (Oct 13) intraday: rebound expected. 4.9.2013 (Morning session only) Our preference: LONG positions above 107 with 108.6 & 109.15 as next targets. Alternative scenario: The downside breakout of 107 will open the way to 105.5 & 104.3. Comment: the RSI is supported by a rising trend line. Trend: ST Bullish; MT Bullish Key levels Comment 110** Intraday resistance 109.15** Fib retracement (61.8%) 108.6*** Intraday resistance 108.27 Last 107** Intraday pivot point 105.5** Intraday support 104.3** Intraday support

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