WTI crude oil: Excellent buying opportunity at 51.00

Jason Sen DayTradeIdeas.co.uk

WTI Crude

WTI Crude FEBRUARY Future beat 5300/5320 for a buy signal & hit both targets. Webottomed exactly at strong support at 5280/70.

Daily Analysis

WTI Crude longs at strong support at 5280/70 target 5320/30, perhaps as far as5360/70. Above 5400 look for 5435/45 & 5485/95.

Strong support at 5280/70 but longs need stops below 5240. A break lower risks aslide to 5210/00. If we continue lower there’s an excellent buying opportunity at5100/5080 with stops below 5055.

Chart

Author

Jason Sen

DayTradeIdeas.co.uk

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