Prices attempted to breach the initial support of 94.30 yesterday, which intersects with the value of SMA 20 as seen on the provided daily chart. In the interim, RSI 14 continued to show bearish tendencies although it didn’t breach the value of 50.00. The bearish momentum seen since the opening of this week compels us to suggest potential downside move today as far as 95.65-95.70 holds.

Support: 94.30, 93.75, 93.45, 92.90, 92.60
Resistance: 95.00, 95.50, 96.00, 96.50, 97.00
Based on the charts and explanations above, we prefer to sell crude below 94.30 targeting 92.00 zones and stop loss at 95.65.

Support: 94.30, 93.75, 93.45, 92.90, 92.60
Resistance: 95.00, 95.50, 96.00, 96.50, 97.00
Based on the charts and explanations above, we prefer to sell crude below 94.30 targeting 92.00 zones and stop loss at 95.65.