Technical forecast for Natural Gas
Natural Gas hit our next target of 4.230/250 where we advised to exit longs & try shorts.
Technical forecast for Copper
Copper beat 7442/44 but only made it as far as 7533.
Technical forecast for WTI Crude
WTI Crude did continue lower to the 94.50/40 target & a buying opportunity. We bounced nicely from here but have since broken lower to hit the next target of 93.64.
Technical forecast for RBOB
RBOB Gasoline broke support at 280.77 as feared but bounced ahead of 277.95/10. This is good support as stated yesterday & we look oversold in the short term so we would expect a bounce from here if seen today.
Technical forecast for Brent Crude
Brent Crude has continued lower with the outlook remaining weak. If we hold below 102.00 we could test the next support at 101.35/20.
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