WTI Crude shot higher in the sideways trend to 7000
|WTI Crude October contract
WTI Crude shot higher in the sideways trend to 7000. Because it is a sideways trend, there is a risk we will not follow through after the strong performance. Below 6960 risks a slide to minor support at 6925/20. On further losses look for 6870/60. Below 6850 risks a slide to 6805/00.
A break above 7000 targets 7045/55. Above 7065 look for 7095/99.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.