WTI Crude: Best Support For The Day At 4560/50
Jason Sen | Jul 25, 2017 08:14AM ET
WTI Crude shorts at 4715/20 worked perfectly on Monday and longs worked perfectly yesterday at the very best support for the day at 4560/50. Strong resistance at 4660/70 is the main challenge for bulls today of course. A break above 4690 allows a further recovery to 4720/30 before the 4750/55 high. HOWEVER I do not see this as important resistance so further gains are possible to a selling opportunity at 4815/25.
Holding resistance at 4660/70 targets 4630 then 4610/00. Below 4590 signals further losses to 4550/40 and perhaps as far as support at 4500/4490. Exit shorts and try longs with stops below 4460.
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