WTI Crude Oil Mid-day Analysis 04 October 2016

Further Advance

Our Pivot: 47.72

Our Preference: Buy above 48.21 with strict stop loss of 47.72 and target at 49.00 and 49.33.

Alternate Scenario: Downward penetration of 47.72 will call for 47.10.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances: