WTI Crude strongest resistance for today at 5005/15

Jason Sen DayTradeIdeas.co.uk

Daily Forecast - 30 May 2017

WTI Crude July Contract

WTI Crude strongest resistance for today at 5005/15. Try shorts with stops above 5060. An unexpected break higher targets 5115/20. Unlikely any higher but further gains could reach as far as 5190/5200 for a selling opportunity with stops above 5230.

Failure to beat strong resistance at 5005/15 as expected, targets 4965 & support at 4910/00. A good chance of a bounce from here on the first test at least. However a break below 4980 risks a slide back to 4820/10. Outlook is quite negative for this week so further losses below 4790 target 4770, 4740/35 & perhaps as far as quite good support at 4720/10.

Author

Jason Sen

DayTradeIdeas.co.uk

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