WTI Crude Bounces To Top Just Below 3710/3715
Jason Sen | Mar 16, 2016 07:01AM ET
WTI crude has managed a good bounce to top just below 3710/3715. We are oversold short term so further gains not out of the question and target resistance at 3770/75. A good chance this will hold gains with the daily chart outlook more negative and we have short term trend line resistance just above at 3790/3800. However a break above here is positive 7 targets 3840/50, 3877 and perhaps as far as a retest of 3900/02 highs.
Failure to beat 3715 targets 3670/60 then strong short term support at 3600/3595. If we continue lower today however look for 3535/30 then 3505.
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