Crude Oil – Intraday Forecast 15 Jan 2014

oil-65984-min-compressor

Recommendations: LONG positions above 92.85 with 93.80 & 94.20 as next targets.
Alternative scenario:
The downside breakout of 92.85 will open 92.20/91.80 levels.
Description: 
Intraday bias in Crude Oil is neutral with risk to the upside towards 93.80 ahead of 94.20 levels as long as support 92.85 holds on hourly basis, On the downside, break of 92.85 on an hourly basis would reverse risks to the downside towards 92.20 ahead of 91.80 levels.

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