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Crude Oil Technical Analysis

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 12, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Daily Forecast - 12 February 2016 WTI Crude March contract WTI Crude suddenly looks like it is ready to rally!!! I would actually buy oil with a wide stop below $26. A break above 2740 targets first resistance at 2810/15. We should struggle initially but further gains target quite strong resistance at 2880/90. Don't rule out a break above here however for 2940. Here there is a good chance of a high for the day but shorts need stops above 2980. A break higher is a good buy signal & targets

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