FX.co ★ Technical analysis of Crude for February 05, 2014

The recent high 98.6 has been acting as the reversal point to the lower levels. In the H4 chart, Stochastic gave a sell signal, where the RSI was still in buy mode. Today, the price is trading above 21DEMA, cmp 97.83 and is standing above yesterday's high, which is a bull factor. But if we go through the hourly chart, we can see oscillators giving a sell signal. The price is trading near resistance zones.

Support: 97, 96.3

Resistance: 98, 98.6

Recommendation- sell for the targets $91, 87 and 85.