WTI Crude holding above 6120 is more positive for today
|WTI Crude
WTI Crude February Futures
WTI Crude clears all important resistance for a buy signal despite overbought conditions.
Daily Analysis
WTI Crude holding above 6120 is more positive for today with the break above 6150 for a strong buy signal initially targeting 6190/6200 & 6250/60.
Downside is expected to be limited with first support at 6150/40 then a buying opportunity at 6110/6090, with stops below 6060.
Trends
Weekly outlook is neutral.
Daily outlook is positive.
Short Term outlook is positive.
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