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Crude Oil Technical Analysis

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 5, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Daily Forecast - 05 April 2016 WTI Crude May contract WTI Crude lower again & holding below 3595/3585 for a sell signal. 3585/95 is now resistance as we look to target 3530/20 then 3490/85. If we continue lower look for support at 3410/00 which could hold the downside initially this week. Strong resistance at 3595/3585 but a recovery above 3610 could signal a false break lower. Gains would then re-target 3660/70 & perhaps as far as minor resistance at 3710/15. We should struggle again

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