Crude Oil (WTI) Technical Analysis 2011.12.21

I compressed the last 2 charts of Crude Oil and today's chart in order to follow the action price according to the analysis posted this week.

Bottom line is that the main bullish target in the $97.60 area was achieved yesterday and the $94.30 - $94.80 support zone proved to be the key zone I was watching closely since last week.

The past 2 analysis can be found (explained) here:
Monday, dec. 19: http://markettechnicalview.blogspot.com/2011/12/crude-oil-wti-technical-analysis_19.html
Tuesday, dec. 20: http://markettechnicalview.blogspot.com/2011/12/crude-oil-wti-technical-analysis_20.html