Morning Report

Trading settles below the exponential moving averages, and that favors another downside attempt to breach 104.80 level and continue the bearish trend, and by breaching the aforementioned level; the technical pattern colored in pink will turn to be a bearish one. Mentioning that trading below 106.45 supports our expectations, while above 107.00 could invalidate it.

The trading range for today is among the major support at 101.70 and the major resistance at 108.00.

The short-terd trend is to the upside with steady daily closing above 99.60, targeting 116.50.

**New York Candlesticks**

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Weekly Report

RecommendationBased on the charts and explanations above our opinion is selling crude below 106.45 targeting 105.90,104.80 and 103.90. Stop loss four-hour closing above 107.00