WTI Crude Oil Mid-day Analysis 09 January 2017

Further Advance

Our Pivot: 53.31

Our Preference: Buy above 53.52 with strict stop loss of 53.31 and target at 54.30 and 54.66.

Alternate Scenario: Downward penetration of 53.31 will call for 52.78.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances: