Pivot: 95.45
Our preference: LONG positions above 95.45 with 97.35 98.2 as next targets.
Alternative scenario: The downside penetration of 95.45 will call for a slide towards 94.7 93.5.
Comment: the July Crude Oil stands within a bullish channel.
Trend: ST Range; MT Range
Key levels Comment
99.75** Intraday resistance
98.2** Intraday resistance
97.35** Intraday resistance
96.92 Last
95.45*** Intraday pivot point
94.7** Intraday support
93.5** Intraday support
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