US oil may climb into $96.19-$96.79 range
USO•US oil may climb to $96.19-$96.79 per barrel after breaking resistance at $94.61, with a broader uptrend pointing to $97.77-$98.74.
1. Resistance break
US oil may rise into a target range of $96.19 to $96.79 per barrel after breaking resistance at $94.61. The move confirms an extension of the uptrend from $87.93 toward $97.77-$98.74, based on projection levels.
2. Support level
A break below $94.61, now support, may lead to a decline into the $93.03-$93.64 range. On the daily chart, oil remained above a rising trendline and rose steadily; the uptrend from $67.04 is presumed to have continued.
