Daily Forecast - 26 December 2013
WTI Crude February contract
WTI Crude meets a selling opportunity at 9940/60 today but shorts need stops above 100. Go with a break higher for 100.50/60 & perhaps 100.95/101.00.
Below 9900 sees a test of support at 9865/60. However a break below 9850 keeps the market under pressure for a move towards 9820/15. If we continue lower look for good support at 9775/70 for a buying opportunity.
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