The Crude Oil (WTI) continues to hesitate in establishing a clear direction for the past few days.
Even though we are obviously in a down trend for the month of December, chances are prices to rally in the next coming days. To have a bullish scenario we should wait for confirmation; in my point of view break-retest-continuation are the best so I plotted on the chart the price evolution I am looking for.
The most significant resistance zone for now is between $94.30 and $94.80 levels and the support is in the $92.80 area. The bullish divergence on RSI also contributes to an eventual up-swing and the instability in the middle east is to be watched for eventual news.
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