Pivot: 96.2
Our preference: Long positions above 96.2 with targets @ 98.15 98.8 in extension.
Alternative scenario: Below 96.2 look for further downside with 95.65 94.7 as targets.
Comment: the RSI is bullish and calls for further upside. Crude Oil prices are breaking above a declining trend line.
Supports and resistances:
100
98.8
98.15
97.42 Last
96.2
95.65
94.7
Copyright 1999 – 2013 TRADING CENTRAL