WTI Crude continued higher to strong Fibonacci resistance at 9780. We predicted this would hold & in fact prices topped exactly here at 9784. Overbought now so this could hold again today & trigger profit taking. However on a break above 9800 we meet 5 month trend line resistance at 9825/30. Only a break & close tonight above here will be positive for next week & would target the 100 & 200 day moving averages at 9880/9900. BE AWARE THAT THESE MA'S CROSSED YESTERDAY & MANY LONG TERM PLAYERS WILL SEE THIS AS A SELL SIGNAL.
Immediate support is 9725 & has held but below here good support at 9690/80 could hold the downside today. However if we continue lower look for 9660 then a short term buying opportunity at 9635/25 with stops below 9600.