WTI Crude: Support at 6770/60 & next target of 6715/05

Jason Sen DayTradeIdeas.co.uk

WTI Crude June contract

WTI Crude sideways as predicted as we topped 4 ticks from the high last week at 6934. We broke first support at 6770/60 & next target of 6715/05 but bottomed above strong support at 6660/50. This could see a low for the week if tested. Longs need stops below 6620. Be ready to sell a break below targeting 6580/70.

First resistance now at 6770/60 but above here re-targets 6805 & minor resistance at 6860/6880. On further gains look for 6934/38 before the 6950/55 high. Obviously a break higher this week is positive targeting 6995/99 today.

Author

Jason Sen

DayTradeIdeas.co.uk

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