WTI Crude Support Seen At 9510/00
Jason Sen | Sep 04, 2014 01:03AM ET
WTI Crude lost over $3 on Tuesday taking out 6 days of gains and recovered the whole lot yesterday. No point in trying to guess direction today but support levels are seen at 9510/00 then 9460/50. If however we continue lower look for 9400/3990 then 9340/35. Below here risks a retest of of August/September lows at 9270/50.
Immediate resistance at the 2 day high of 9583/91 but a break above last week's high of 9600 opens the door to the 100 day moving average at 9645/50. If we continue higher look for 9690/9700 then strong resistance at 9745/50.
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