Crude Oil: Blueprints 7.

NYMEX:CL1!   Light Crude Oil Futures
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Oil             has closed in the red, giving signals that it is willing to seek lower lows, as it is was being traded in a flag, during the last two days, which breaking out will send it seeking 34.22, with 35.55 as a primary objective. The 38.18 level will be Oil's resistance for today.

The rejection of the flag will send it back to re-visiting 40.26, should it breakout 39.19.

On a daily scale, a breakout of 38.18 will send it seeking 39.19, with 38.59 as a primary objective.

A breakout of 36.9 will result in the breakout of the flag, which can be followed by a throwback.

The daily Pivot Point is around 37.69. The daily support levels are around 36.39 and 35.57. The daily resistance levels are around 38.51 and 39.81.
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