USOIL

We still expect the oil price to rise, as the price is now settling below 109 levels. Its stability above this level is considered positive and important to prove the bullish trend. Technical indicators support the bullish trend. Oil continues to rise to reach 120 as a first target, provided that level 90 is not breached
Support: 90.00
Pivot point: 104.00
Resistance: 120.00
Price direction: Ascending to 105 levels, provided that 90 levels are not broken