TECHNICAL ANALYSIS BY NSFX 31.12.2013
Crude oil found resistance in area 100.67 and went below even the 200SMA. Now if selling pressure should continue the next support would be at 97.8 area and then 96. An intermediate bearish target could be the multiple bottom area at 92.7. If the commodity should rise above 100.67 then the first resistance should be 103.77.