WTI Crude JUNE Future held first resistance at 6335/45 yesterday. We bottomed exactly at first support at 6270/60.
Today’s Analysis
WTI Crude struggles to beat first resistance at 6335/45 as expected. Further resistance at 6380/6400. A high for the morning session likely here. If we continue higher look for 6480/85 with strong resistance at 6535/65.
Minor support at 6270/60 (held perfectly yesterday) then strong support at 6210/00.
Further losses however meet strong support at 6130/10. A bounce from here is expected but longs need stops below 6080.
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