USOIL

pivot point is at 46.75

Our preference: Buy above 46.75 with target 48.92 and 49.5 points.

Alternative scenario: A break-down level of 46.75 will open the way to 46 and 45.16.

Analysis: RSI has crossed up the downward trend line.

Support and resistance levels:
50.61
49.5
48.92
47.92 Closing price
46.74
46
45.16