Crude Oil Technical Analysis

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 19, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Daily Forecast - 19 February 2016 WTI Crude March contract WTI Crude holding below 3050/40 as I write which keeps the pressure on for 3000, 2970 & perhaps as far as support at 2950/40. Buying looks risky today & losses target 2875/70. First resistance at 3055/60 but above here allows a recovery to 3150/60. Exit any longs & try shorts up to 3190/3200. Stop above 3245 but look for the next selling opportunity at 3300/3310. Shorts need stops above 3350. Just be aware that a break

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