WTI Crude: 1st Resistance At 5270/80
Jason Sen | Jan 31, 2017 05:22AM ET
WTI crude first resistance at 5270/80 but above here re-targets 5320/15 in the sideways trend. Above here today however retargets 5350/60, which held yesterday, but further gains retest the 5395/5405 high from last week. A break above 5406 targets the 2 week high at 5435/42.
Holding below 5270 could retest last week's low at 5230/20. Further losses test the 2 week low at 5172 for the March contract. A break lower this week targets 5135/25.
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