WTI Crude Daily Forecast: Shorts Risky Again
Jason Sen | Jan 22, 2019 01:42AM ET
WTI Crude is well on the way to my next target of 5420/40. We should struggle here initially in overbought conditions, but shorts look too risky. A break above 5460 targets quite strong resistance at 5555/65 for profit taking on longs. Shorts are probably too risky again, but if you try, stop above 5595.
First support at 5330/20 could hold the downside but longs need stops below 5295. Look for a bounce from 5255/45.
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