WTI: Selling opportunity at 38.70

Jason Sen DayTradeIdeas.co.uk

WTI Crude

WTI Crude September Future beat strong resistance at 3780/3800 to target a selling opportunity at 3870/3900, with stops above 3940.

Daily Analysis

WTI Crude shorts at selling opportunity at 3870/3900 target 3840/30 with first support at 3800/3780. A break below 3760 targets 3720/30. Below 3710 look for 3680/70 before support at 3600/3580. A break below 3540 is the next sell signal initially targeting 3460/40.

Selling opportunity at 3870/3900, with stops above 3940. A break higher targets 3985/4000.

Chart

Author

Jason Sen

DayTradeIdeas.co.uk

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