Us oil may retest support at $94.03
XLE•US oil technical levels
SINGAPORE, Sept. 22 (Reuters) - US oil CLc1 may retest support at $94.03 per barrel; a break below could open the way toward $92.91.
A wave c from $103.50 has briefly travelled below its 114.6% projection level of $94.72. It has a better chance of extending to the 138.2% level of $92.91.
Resistance is at $96.88, a break above which may lead to a gain into the $97.65-$98.77 range.
