WTI Crude: Bottomed 4 Ticks Above Support At 4890/4870
Jason Sen | Apr 27, 2017 06:53AM ET
WTI Crude bottomed just 4 ticks above support at 4890/4870. It should be worth trying longs if we see another move towards this area today, with stops below 4820. A break lower however tests the March low at 4763/58.
Minor resistance at 4935/40 and 965/70 again, but strong resistance at 5005/15 is the best chance of a high for the day. Try shorts with stops above 5050. A break higher however is a buy signal and sees 5015/05 act as strong support to buy in to longs and target 5085/95.
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