(96,85) CRUDE OIL is still well above the 200 days line but it is failing to confirm an important rebound. While below 98,05 we expect this contract to remain under pressure. The indicators of the daily chart are still negative supporting further weakness and also those of the s/t ones are below the limit supporting further possible weakness. On an hourly closing above 98,05 will postpone further pressure favouring a rally toward 100. While below we expect the CRUDE OIL to extend the decline toward a new s/t target at 94,86!! We wait for higher levels to sell.
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FUTURE TREND RESEARCH