bullish signaling that sideways to higher prices are possible near term.
If December extends this week's rally, the reaction high crossing at 86.52 is the next upside target. Closes below the 20 day moving average crossing at 82.72 are needed to confirm that a short term top has been posted.
First resistance is the overnight high crossing at 86.05
Second resistance is the reaction high crossing at 86.52
Crude oil pivot point for Thursday morning is 84.54
First support is the 10 day moving average crossing at 82.96
Second support is the 20 day moving average crossing at 82.72
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