WTI Crude bottomed exactly at first support at 6580/70

Jason Sen DayTradeIdeas.co.uk

WTI Crude MAY contract

WTI Crude bottomed exactly at first support at 6580/70 but could continue lower to better support at 6530/20 today. Try longs with stops below 6400. However if we continue lower look for a buying opportunity at 6460/50, with stops below 6420.

Holding first support at 6580/70 again today allows a recovery to 6610/20 then a retest of the high at 6660/70. A break higher is always likely eventually in the bull trend targeting 6685/90 & 6725/35.

Author

Jason Sen

DayTradeIdeas.co.uk

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