Analysis

WTI Crude breaks the range low at 6700/6690 to target 6655/50

WTI Crude September contract

WTI Crude breaks the range low at 6700/6690 to target 6655/50, 6625/20, 6590, 6545 & 6500.

Obviously resistance at 6700/10 is key now. Bulls are only back in control above 6750. We topped at 6741 yesterday on a small bounce. Above 6750 however targets 6800 & perhaps as far as resistance at 6840/50.

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