Analysis

Nymex WTI Crude Oil

WTI Crude MAY contract

WTI Crude bounce from our buying opportunity at 6325/15 reaches the first target of 6380/70. ON further gains in the short term sideways trend look for 6405/10 6430/35. Strong resistance at 6480/85 is key for bulls.

An excellent buying opportunity at 6325/15, with stops below 6290. A break lower risks a slide to 6270/60 before strong support at 6225/15.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.