Recommendations: LONG positions above 96.90 with 98.00 & 98.35 as next targets.
Alternative scenario: The downside breakout of 96.90 will call for a slide to 96.25/95.85
Description: Intraday outlook in Crude Oil is neutral with risk to the upside as long as support 96.90 holds on an hourly closing basis, break of 98.35 would open 99.00 levels next. on the downside, losing the key support 96.90 on an hourly basis would reverse risks to the downside towards 96.25 ahead of 95.85 levels.
Support & Resistance:95.25 , 95.85 ,96.25 , 96.90 (Pivot) ,97.30, 98.00 , 98.35 , 99.00