Yesterday, the price of oil fell sharply from $96.59 to $90.40. During the Asian session, the price moved in the range of $90.10-$91.50, while in the European session, we see a possible indication of a potential recovery in oil price. The current price is $91.70, representing a price increase of 1.09% since the start of trading last night. For a bullish option, we need a continuation of positive consolidation and a break above $92.00. Then we have to hold above that level if we want to continue on the bullish side. Potential higher targets are $93.00, $94.00 and $95.00 levels. We need a negative consolidation and ... (full story)