WTI Crude Oil Mid-day Analysis 07 March 2017

Further Advance

Our Pivot: 52.72

Our Preference: Buy above 53.03 with strict stop loss of 52.72 and target at 53.43 and 53.61.

Alternate Scenario: Downward penetration of 52.72 will call for 52.34.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances: