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Crude:

10/18/11

12:55EST

Crude:

We’re above both support levels

Here’s the top pattern

Pointing Down

Down Target: 86.37

Up Target: 91.08

In the event the move is up

Its strictly based on shorts buying it up

Therefore from 91.08 to 90.22 expect another sharp pullback

90.11 is the key level as such

Also 90.47 is a major up price target also a bounce/reversal pattern at 90.47/90.59

 

12:30EST

Crude:

Major support: 87.82 Daily chart; today’s close

Now term Minor support: now until today’s close

88.15 (ascending 4pts every hour)