The Crude is currently in a pennant
, with 51.54 as an objective, and 50.14 as a primary objective. It was trading near its low border with a valid evening star
. Should the pattern lead to a breakout through the orange trend line
, the pennant
will be rejected, and the Crude Oil
will enter a bearish
market with 40.26 as an objective, and 42.71 as a primary objective.
The daily Pivot Point
is around 45.316. The daily support level
43.6 and 42.52. The daily resistance levels are around 46.39 and 48.1.