WTI Crude must hold minor support at 6745/35 to target first resistance at 6820/30
|WTI Crude September contract
WTI Crude must hold minor support at 6745/35 to target first resistance at 6820/30. We should struggle here but above 6850 targets 6880/90, perhaps as far as strong resistance at 6955/65. Try shorts with stops above 6990.
Below 6730 risks a slide to 6700/6695, 6655/50 & 6625/20. On further losses look for 6590, 6545 & 6500.
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