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Crude Oil Technical Analysis

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

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 04 April 2016 WTI Crude May contract WTI Crude lower again & holding below 3665/60 as I write over night as we look for a buying opportunity at 3595/3585. A good chance of a low for the day but longs need stops below 3550. A break lower however is a sell signal & sees 3585/95 act as resistance to target 3530/20 then 3490/85. If we continue lower look for support at 3410/00. Holding strong support at 3595/3585 as hoped allows a recovery to 3660/70 then minor resistance

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