Pivot: 97.50
Our Preference: Bullish as long as 97.5 is support.
Alternative Scenario: Below 97.5 eye a drop towards 93 and 85.6 in extension.
Comment: Crude oil prices have cleared a declining trend line, look for a rise towards 110.
Trend: ST Bullish; MT Bullish, we have been bullish since 19 JUN 2013 (98.8).
Key levels Comment
114.7 Horizontal resistance
110 Horizontal resistance
106 Horizontal resistance
104.74 Last
97.5 Pivot point
93 Fib retracement (61.8%)
85.6 Previous low
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