WTI Crude: Good Support At 5130/20 Could Hold The Downside
Jason Sen | Feb 20, 2017 12:37AM ET
WTI crude same levels apply for today with resistance at 5345/55 holding perfectly on Thursday and Friday. Above 5375 today, however, meets resistance at 3 week highs at 5430/34. On a break higher look for 5450/53, then the January high at 5520/24.
Failure to beat resistance at 5345/55 targets good support at 5305/5295, but be ready to sell a break below 5270, targeting 5235/25, then 5190/80. Good support at 5130/20 could hold the downside at this stage. Longs need stops below 5090.
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