Crude (12.9.2014) fall sharply in last few weeks & reach to the $90 psychological level.
Now crude is trading around $92.40 & the bounce $90 mark is well supported by many factors like 261.8% February retracement. , a lower trendline of descending channel as well as a very strong positive divergence. All this together providing a buying opportunity at current level.
On fundamental side , continue demand for sanction on russia putting a dent on crude production future.