WTI Crude Oil Mid-day Analysis 13 January 2017

Further Advance

Our Pivot: 52.59

Our Preference: Buy above 52.88 with strict stop loss of 52.59 and target at 53.50 and 53.80.

Alternate Scenario: Downward penetration of 52.59 will call for 52.10.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances: