Pivot: 89.00
Our Preference: Bullish above 89 with targets @ 98.1 100.6 in extension.
Alternative Scenario: Below 89 eye a drop towards 84 and 77.3 in extension.
Comment: the May Crude oil is supported by a rising trend line.
Trend: ST Ltd upside; MT Range, we have been bullish since 4 JAN 2013 (92.4).
Key levels Comment
106.4 Horizontal resistance
100.6 Horizontal resistance
98.1 Horizontal resistance
94 Last
89 Pivot point
84 Horizontal support
77.3 Horizontal support
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