Crude Oil Weekly Technical Report 1-5/7/2013

WTI Crude Oil maintains the short-term bullish wave that started from 92.70 level, where price retested 96.10 support level this morning, this bullish wave forms in the context of the overall sideways market, where we look for another upside attempt towards the top of this sideways range this week, eying 97.65 followed by 99.00 levels.

** Short term (Less than three months)

** Chart is based on GMT+2 timing

Notes: 

*if price reaches within 20% from target before triggering entry, signal is canceled and not valid anymore.

*Allow for +,- 5 points margin