Tuesday, April 6, 2010

Crude Oil - - Market on the Move

** NEUTRAL TRANSITION **

Technically the MKT is in a NEUTRAL TRANSITION and is flirting with a shift in sentiment. Opportunity exists on both sides with the potential for a decisive session.

85.24 is the Inflection Pivot that will gauge sentiment today. Above here the MKT will maintain a positive bias, however any longs should look to enter at or near this level as the current rise is a little ahead of itself.

A break under 85.24 and sentiment turns sour targeting 83.56 and 81.89.

JS

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