WTI Oil: Resistance at 51.90 main challenge for bulls

Daily Forecast - 20 April 2017

WTI Crude June contract

WTI Crude JUNE: Resistance at 5135/40 but 5180/90 the main challenge for bulls today. A high for the day possible but if we continue higher look for quite strong resistance at 5260/70. Shorts need stops above 5300.

Below 5090 retests yesterday's low at 5055/51 but we could continue lower to support at 5015/10. A bounce from here possible on the first test, but longs need stops below 4975.


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