Crude Oil 3-11-2010

March 11th, 2010 by admin Leave a reply »

Today: The Crude oil futures put in a high yesterday at 83.03, and
today have backed off a bit, with only posting a high of 82.32 thus far
this session. The key pivot area here is 81.45, and that is the level I
would pivot on going forward in the session. If they do come in and
sell it off hard, the daily support line resides at 80.20, and that would
be the floor to the oil futures for now.

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