The CRUDE OIL confirmed a weak closing on Friday confirming therefore the negative outside day reversal it formed on Thursday. A daily closing below 96,70 tonight will confirm even a top supporting a larger correction!! The weekly closing was also negative forming a negative week reversal.
The indicators of the daily chart are still positive but now just at the line as well as those of the weekly one. The indicators of the s/t charts are instead negative and already oversold. Nevertheless we could see an extension toward the 93,70 support area.
Possible rebounds should find resistance at 96,70 before the 98,00 area.
We suggest remaining short for a 94 undershooting!
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