Crude Oil is set to recapture 97.80 with a breach !


The Crude Oil maintained a bullish momentum yesterday, bottomed at the 95.59 levels.T his development leaves the pair targeting the 97.80 levels where a breach is very likely, If seen, it will turn the focus on the 98.50 levels, further out will aim the 99.30 ahead of 100.73 levels.

On the downside, support comes at the 95.59 levels, losing this level on a daily closing basis would turn outlook neutral and bring a slide to the 93.89 levels, a halt is suggested, but further losses will open 92.40 levels.

In all, the Crude Oil is likely to retain to its medium-term upside bias as long as support 95.59 holds on a daily closing basis, below this level will turn outlook neutral and look for 93.89 levels.

Crude Oil is set to recapture 97_80 with a breach !




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