US oil may test support at $97.36

U.S. oil could test support at $97.36 per barrel, with a break below potentially leading to $95.12-$96.50. The uptrend from $79.62 has reversed, and the current fall might reach $95.81. A move above $98.74 could see prices rise to the $99.27-$100.12 range. On the daily chart, support is near $96.42, with a break potentially opening the way toward $90.02.