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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