In our last technical comment on crude, we have defined 95.25 to be the level that will ease the path towards 97.00 with a breakout above it. Actually, bulls succeeded in achieving a convenient daily closing above this level along with a positive crossover on MACD. Meanwhile, we can see how the closing was also achieved above SMA20 and that suggests further strength over upcoming sessions. Finally, 94.50 becomes new defensive level.