WTI Crude pushed to Fibonacci and 5 month trend line resistance at 9780/9800 as expected yesterday with a high for the day predicted and possibly for the week. We topped almost exactly here at 9775 and should struggle to beat this area again today. Only a break and close above the 100 day moving average at 9845 is now seen as positive and targets the 200 day moving average at and Fibonacci resistance at 9910/30.
2 week trend line support is 9670/60 but below here is more negative and can target 9615/00. If this does not hold the downside we could target 9565, possibly as far as 9510/9490 before the end of the week.