WTI Crude Oil Intra-day Analysis 03 January 2017

Further Advance

Our Pivot: 53.72

Our Preference: Buy above 53.93 with strict stop loss of 53.72 and target at 54.35 and 54.73.

Alternate Scenario: Downward penetration of 53.72 will call for 53.45.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances: