Tuesday, November 6, 2012


Yesterdays Crude Pit Session:

High: 85.75
Low: 84.72
Settlement: 85.63


Yesterday was a low volume range bound start in anticipation of Todays Presidential election.  However yesterday’s opening print of 84.96 was an indication that it could in fact be a bullish day and as we broke above the opening range, we did in fact trend higher ultimately closing at 85.63.  We are expecting another choppy range bound day in anticipation of today’s presidential election.  However we are looking for crude to rise to the 87 handle later in the week.
Resistance:  85.73, 85.84, 85.90
Support: 85.56, 84.88, 83.82, 84.72

www.crudesquawk.com 

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