Wednesday 29 Jun 2022

Technical forecast for WTI Crude

By Jason Sen () · March 18, 2013 · Comments Off
Energy · analysis, binary option, buy sell, candlestick, charts, day trade, day trading, down trend, fibonacci, forecast

WTI Crude hit our target of 93.72 on Friday ‘where there is a good chance of a high today. We topped just above at 93.84.

We are testing support at 92.12. Watch for a break below 92.00 to lead us lower again towards 91.58/40 with a low for the day possible as this is strong support. Longs will need a stop below 91.05.

Resistance at 92.68/78 could hold a bounce from 91.12. If trying shorts here we need a stop above 93.00 for a move towards 93.31.

Energy

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Technical forecast for WTI Crude

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