TECHNICAL ANALYSIS BY NSFX 19.12.2013
5th consecutive positive trading session for crude oil. The next resistance should be at 99 $/barrel and above this level the commodity might test 103.6 $/barrel, a price that could bring more positive market sentiment. If a retracement should occur the first support should be the 21SMA at 96 $/barrel. A successful test of 93 should create a trading range environment quite robust.