Daily Forecast - 03 November 2015
WTI Crude December contract
WTI Crude 4675/85 is key resistance again today. A break above 4710 however should target 4760/70. Watch for a high for the day here. However if we see another short squeeze look for the next target & strong resistance band at 4825/35 for an excellent selling opportunity. Stop above 4880.
Minor support at 4600/4595 but below here re-targets 4545/35. This could hold the downside again today but longs need stops below 4500 to target 4485/80, perhaps as far as 4460/55. Try longs with stops below 4425.
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