WTI Crude: Seeing Further Gains Towards The Next Target 5090/5100
Jason Sen | May 22, 2017 04:38AM ET
WTI Crude seeing further gains towards the next target 5090/5100 and 100 day moving average resistance at 5110/20 the the main challenge for bulls today. However we are only just becoming overbought on the daily chart so further gains not out of the question with good short term momentum targeting 5150/60.
Below last week's high at 5049/45 risks a slide to first support at 5000/4990. Longs need stops below 4965. Look for quite good support again at 4930/20.
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