Daily Forecast - 28 January 2016
WTI Crude March contract
WTI Crude minor resistance at 3200 but above here allows a recovery to resistance at 3235/40. We have this week's high at 3274/84 so this is the main challenge for bulls today. Be ready to buy a break above 3290 to target 3325/30 then strong resistance at 3355/60 & a selling opportunity as we become overbought short term.
First support at 3160/50 but below targets good support at 3090/80 which could hold the downside. Longs need stops below 3055 however to target support at 3020.
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