Oil Attacking Pivotal Resistance

US crude oil futures prices jumped as we expected, surpassing the first target required to be achieved at 41.70, to attack 42.00.

Technically, we see the simple moving averages continue to hold the price in conjunction with the RSI stability above the midline.

Therefore, the bullish scenario will remain intact, knowing that breaching 42.00 pushes the price to touch the next target 42.45 then 43.10, and may extend later to 43.80.

Activating the suggested scenario requires daily stability above the support floor of 41.00, and in general above 40.60.

S1: 40.40	R1: 42.45
S2: 39.20	R2: 43.25
S3: 38.40	R3: 44.45