CRUDE OIL 26.6.2013 Pivot: 94.60 Our preference: LONG positions - TopicsExpress

CRUDE OIL 26.6.2013 Pivot: 94.60 Our preference: LONG positions above 94.6 with 96.65 & 97.6 as next targets. Alternative scenario: The downside penetration of 94.6 will call for a slide towards 93.8 & 92.6. Comment: investors have to remain cautious since these levels may trigger profit taking. Trend: ST Bullish; MT Bullish Key levels Comment 98.5** Intraday resistance 97.6** Intraday resistance 96.65** Fib retracement (61.8%) 94.68 Last 94.6*** Intraday pivot point 93.8** Intraday support 92.6** Intraday support

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