WTI crude oil: Could it reach a new yearly high?
|WTI Crude
WTI Crude JANUARY Future making a break above the November high at 4333 thismorning
Daily Analysis
WTI Crude beats 4325/35 for a move towards the continuation chart high of thisyears at 4365/78. Further gains retest the January contract September high at4400/15. A break higher retests important support at this year’s January contracthigh (in August) at 4450/60.
Strong support at 4335/15. A break below 4300 risks a slide to4270, perhaps as faras 4250/30. A buying opportunity at 4230/10 with stops below 4180.
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