Crude Oil Technical Analysis

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 4, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    Daily Forecast - 04 March 2016 WTI CrudeApril contract WTI Crude first support at 3425/20 but below here a buying opportunity at 3365/60. Just be aware that there is also quite good short term support at 3330/20. Failure here however targets trend line support at 3275/70. We have traded mostly sideways over the last 3 days as we struggle with overbought conditions. February highs at 3503/08 then 2 day highs at 3517/32. A break above could make it as far as 3580/90 today. If we continue higher

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