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Crude oil technical outlook for short term.




Light sweet crude trading above its key resistance of 88.27 above neckline of inverse head and shoulder pattern.  Pattern suggesting $5-10 upside rally in this commodity. 14 periods RSI respecting ascending trend line support, momentum is bullish. Short term moving average holding above midterm and long term moving average supporting our short term bullish outlook on crude.

Resistances: 88-93-100
Supports: 86-83-78

Recommendation: buying Crude  oil  around 87-86 zones for targeting 93-100 with stop loss below 83.50 on 4 hour close basis might be appropriate. 
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