WTI Crude Daily Targets To Monitor
Jason Sen | Jul 06, 2020 04:54AM ET
WTI Crude August Futures remains in difficult, volatile sideways trading this week as expected.h3 Today’s Analysis/h3
WTI Crude August holding above 3990/4010 re-targets 4040/50. If we continue higher look for 4110/20. Resistance at 2 week highs of 4150/60 should be a challenge. Unlikely but a break higher should fill the gap at 4210/20.
Holding below 3990 re-targets 3935/30 & first support at 3920/10 for profit taking on any shorts. Best support at 3860/40. Stop below 3810. A break lower targets 3740/30, perhaps as far as a buying opportunity at 3670/50.
- Weekly outlook is positive
- Daily outlook is positive
- Short Term outlook is neutral
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