WTI Crude: Support at 53.85$ to be the strongest of the day

Jason Sen DayTradeIdeas.co.uk

Daily Forecast - 23 February 2017

WTI Crude April contract

WTI Crude April. First support at 5385/75 likely to be the strongest of the day but further losses test this week's low at 5345/35. Further losses test last week's low at 5312 but below 5300 risks a slide to strong support at 5255/45.

Minor resistance at 5420/30 but above here opens the door to 5455/65 before the high this week at 5500/03. On a break above 5516 look for 5530/35 & 5555/60.

Author

Jason Sen

DayTradeIdeas.co.uk

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