WTI Crude Oil Mid-day Analysis 28 November 2016

Further Advance

Our Pivot: 45.10

Our Preference: Buy above 45.64 with strict stop loss of 45.10 and target at 46.35 and 46.80.

Alternate Scenario: Downward penetration of 45.10 will call for 44.35.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances: