WTI Crude Oil Mid-day Analysis 21 November 2016

Further Advance

Our Pivot: 45.78

Our Preference: Buy above 46.55 with strict stop loss of 45.78 and target at 47.33 and 48.11.

Alternate Scenario: Downward penetration of 45.78 will call for 44.96.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances: