CharmerCharts
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Today's WTI crude Oil report now available.
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Charmer Charts daily WTI Crude technical anlaysis forecast
- Thread starter CharmerCharts
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CharmerCharts
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CharmerCharts
Active member
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WTI Crude Oil ramped higher yesterday...reaching 103.20....This has held the topside twice
now...therefore we have taken profits on longs...
10301 is the 50% med term fib level therefore if we can get back below 10260 we should see
some further weakness with 10125/05 once more targeted...Apply the same strategy of buying
weakness...stops below 10060....
You can see from above chart the technical stochastics have turned bullish for Oil....so any weakness
does give a good opportunity to get longs..
If we break 10320 we should see buyers back in the market with 10480 then as the targeted
area.
now...therefore we have taken profits on longs...
10301 is the 50% med term fib level therefore if we can get back below 10260 we should see
some further weakness with 10125/05 once more targeted...Apply the same strategy of buying
weakness...stops below 10060....
You can see from above chart the technical stochastics have turned bullish for Oil....so any weakness
does give a good opportunity to get longs..
If we break 10320 we should see buyers back in the market with 10480 then as the targeted
area.
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