Pivot: 106.20
Our preference: SHORT positions below 106.2 with targets @ 103.75 102.7.
Alternative scenario: The upside breakout of 106.2 will open the way to 107.7 108.8.
Comment: crude oil prices stand within a bearish channel.
Trend: ST Consolidation; MT Bullish
Key levels Comment
108.8** Previous high
107.7** Intraday resistance
106.2** Intraday pivot point
104.28 Last
103.75* Intraday support
102.7** Intraday support
102** Intraday support
Copyright 1999 – 2013 TRADING CENTRAL