TECHNICAL ANALYSIS BY NSFX 17.12.2013
The commodity found support in area 96.04. Now is trading above the 21SMA and the 200SMA in area 99.02 is the next resistance. Above that level the static resistance at 100.6 if broken will trigger many stop losses and could end the market correction of Crude Oil. A retracement below 96 could bring the price again to 93 $/barrel area.