Pivot: 93.25
Our preference: LONG positions above 93.25 with 94.5 95.6 as next targets.
Alternative scenario: The downside penetration of 93.25 will call for 92.1 91.4.
Comment: the June Crude Oil stands above the 50% fibonacci retracement level at 93.25. The upside prevails, as long as 93.25 isn’t broken.
Trend: ST Range; MT Range
Key levels Comment
96.7** Intraday resistance
95.6** Intraday resistance
94.5** Intraday resistance
93.54 Last
93.25** Intraday pivot point
92.1*** Intraday support
91.4** Intraday support
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