Daily Forecast - 26 February 2014

WTI Crude April contract

WTI Crude

WTI Crude resistance at 102.00/10 but above here is more positive in this positive trend & can target 102.80/90. A high for the day looks likely here but shorts need stops above 103.10 for 103.45.

We are in a 2 month bull trend with immediate support at 101.68/62 but below here good support at 101.00/90 could hold the downside again today. However if we continue lower look for 100.65/60.

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