12/17/2012 Update:
Fridays’ Crude Pit Session:
High: 86.88
Low: 86.05
Settle:
86.75
Looking
ahead to today’s crude pit session:
Crude oil
traded in a very tight .88 cent range during Fridays pit session as Jan options
expired. We did see crude push up into the
87 during the Globex session with the release of better than expected economic
data out of China and ongoing supply concerns out of the Middle East. We are expecting to see crude chop in a
tight range today as Crude Oil Traders wrap up their year and/or sit on the
side lines waiting for news out of Washington regarding the Fiscal Cliff.
Tune in this
morning to hear a full analysis and pit commentary.
Levels:
Support:
86.50, 86.12, 86.05, 85.50, 85,00, 84.50
Resistance: 86.72, 86.92, 87.00, 87.18, 87.88, 88.00,
89.00
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