Oil has continued its decline but the bleeding seems to have stopped for now as we have found support in the mid 95's. We have found support at $95.24 as confirmed by multiple green triangles on the KRI. Subsequently we have lifted to $100 which seems to be providing resistance at this point. The Kovach OBV is still bearish but does seem to be leveling off. If we are able to recover then $106 is our next target, otherwise we should find support again at $95.24. Watch out for the vacuum zone to $92.03.
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