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Crude Oil Technical Analysis

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 16, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Daily Forecast - 16 March 2016 WTI Crude April contract WTI Crude has managed a good bounce to top just below 3710/3715. We are oversold short term so further gains not out of the question & target resistance at 3770/75. A good chance this will hold gains with the daily chart outlook more negative & we have short term trend line resistance just above at 3790/3800. However a break above here is positive 7 targets 3840/50, 3877 & perhaps as far as a retest of 3900/02 highs. Failure

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