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Crude Oil Technical Analysis

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 10, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 10 December 2015 WTI Crude January contract WTI Crude is oversold enough to perhaps trigger a short term sideways trend now if not a small recovery. Minor resistance at 3750/55 then 3825. If we continue higher look for 3860 then 3895/99. Quite strong resistance at 3930/40 could hold a rally but above here we could target an excellent selling opportunity at 4000/4005. Below 3695/90 re-targets this week's low at 3662/58. Further losses today could target 3625/21 then 3589/85.

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