Daily Forecast - 21 February 2014
WTI Crude April contract
WTI Crude April has immediate support at 102.75 but below here 102.10/00 could hold the downside. However If we continue lower we should test the 101.60/40 range with better support at 101.10/00 offering an excellent buying opportunity.
The 103.20/30 is strong resistance & could hold a move higher again today. However a break higher is more positive & targets resistance at 103.70/80 then 104.20/25.
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Happy Apple day
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