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Technical Forecast for WTI Crude

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Technical Forecast for WTI Crude
WTI Crude unexpectedly tore higher again to reach 108.43. If we can hold above 108.25/00 we may now see 109.00/10 then 109.80/95 before a test of 2012 highs at 110.55.
 
Support at 107.50/45 but below here could reach 106.85/65. Look for a low for the day here but longs need stops below 106.15.

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Posted-In: Technicals Commodities Markets Trading Ideas

 

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