Crude Oil Technical Analysis

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 5, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Daily Forecast - 05 January 2016 WTI Crude February contract WTI Crude first resistance at 3715/20 but above here stronger resistance at 3765/70 should act as the main challenge for bulls today. Shorts need stops above 3800. A break higher targets minor resistance at 3835/45 but if we beat this level today look for a selling opportunity at 3895/3900. A good chance of a high for the day if we reach this far but shorts need stops above 3935. Just be aware that a break higher could target

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