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WTI Crude: Selling Opportunity At 9790/9800

Published 02/04/2014, 10:05 AM
Updated 05/14/2017, 06:45 AM

WTI Crude recovered to 9780 & topped almost exactly here as predicted. We are now sitting below 9690/80 & could retest our target of 9635/30 which in fact held the downside perfectly yesterday. A break lower is possible today & could test good support at 9580. A low for the day could be seen but below here we could test 9521 lows last week then good support at 9500/9490.

Immediate resistance at 9685/90 but above here a short term trend line at 9725 could hold a move higher. However above here look for a selling opportunity at 9790/9800.

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