WTI Crude holding good support at 7075/65
|WTI Crude November contract
WTI Crude holding good support at 7075/65 as we bottom just 14 ticks below for a bounce to 7120. Above 7130 targets 7160 then strong resistance at 7200/10. A good chance of a high for the day but shorts need stops above 7240. A break higher targets 7300/10.
Good support at 7075/65 but longs need stops below 7030. A break lower meets an excellent buying opportunity at 61.8% Fibonacci & 100 day moving average support at 6940/20. Try longs with stops below 6870.
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