Market Leader informed
WTI futures at New York Mercantile Exchange, NYMEX, met its movement targets.
Then the price broke protective bullish pivot MF3 (85.36) within 5-th (А(с)) Wave. Currently there are conditions for formation of a В(с) wave that can be followed by a new impulse wave.
Support levels:
83.15 = 61.8% А(с)
81.90 = 76.4% А(С)
80.55 = protective bullish pivot MF2 from А(с) wave
79.74 = protective bullish pivot for the entire wave structure starting at a point of reference at 70.68
Resistance levels:
90.10 = 50% Аmn103.51 = 61.8% Amn More detailed resistance levels will be visible after the В(с) Wave is finished Key news releases 17 November 10
13:30, US, CPI 18 November 10
13:30, US, Jobless Claims 19 November 10
10:15, US, Fed Chairman Bernanke Speaks
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