WTI crude best support at 4120/4085

Jason Sen DayTradeIdeas.co.uk

WTI Crude

WTI Crude December Future holding on to gains but mostly trading sideways.

Daily Analysis

WTI Crude best support at 4120/4085. Try longs with stops below 4060. A break lower targets 4010/00 then meets a buying opportunity at 3955/35, with stops below 3900. A break lower again sees 3935/55 working as resistance to target 3890/80, probably as far as 3845/35.

Minor resistance at 4160/70 but above 4200 look for yesterday's high at 4240/45 then a retest of minor resistance at last week's high at 4290/4305.

Chart

Author

Jason Sen

DayTradeIdeas.co.uk

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