We expect a bearish overall direction for today. as far as (100.23) remains intact; targeting (98.45) then (97.68). A close above (100.23) resistance area will extend gains to (103.95).

We expect a bearish overall direction for today. as far as (100.23) remains intact; targeting (97.65) then (96.32). A close above (100.23) resistance area will extend gains to (104.92).

We prefer upside scenario at this phase. Since bias is bullish in nearest term targeting (104.26). Another move back below (99.95) could lead us to neutral zone.

Currently, further bullish actions could be seen on OIL. A break below (101.15) could be a threat to the bullish scenario targeting (97.26) even (96.66). On upside. Immediate resistance is at (102.12). A close above that area should keep the major bullish scenario intact testing (103.68) area.