WTI Crude Oil Mid-day Analysis 27 January 2017

Further Advance

Our Pivot: 53.45

Our Preference: Buy above 53.70 with strict stop loss of 53.45 and target at 54.10 and 54.32.

Alternate Scenario: Downward penetration of 53.45 will call for 53.20.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances: