Pivot: 105.35
Our preference: SHORT positions below 105.35 with 102 100.8 in sight.
Alternative scenario: The upside breakout of 105.35 will open the way to 106.4 107.5.
Comment: Crude Oil prices remain within a descending channel.
Trend: ST Consolidation; MT Bullish
Key levels Comment
107.5** Intraday resistance
106.4** Fib retracement (50%)
105.35*** Intraday pivot point
103.15 Last
102** Intraday support
100.8*** Intraday support
99.2** Intraday support
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