Technical analysis of Crude for July 04, 2014 Trend News

CRUDE-

The oil took support at 103.67 levels (12 hr low). The oil is trading below the hourly moving averages. The hourly momentum oscillators are indicating an oversold sign. The trading pattern is framed between 103.67-104.36. We recommend to buy above 104.36 for 104.80, 105.15 and 105.50 and sell below 103.40 for targets 102.80 and 102.60 levels. If the price stays above yesterday's high at 104.30, we can see some pull back up to 105.60 levels.

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