Crude Oil Technical Analysis

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Daily Forecast - 07 April 2016 WTI Crude May contract WTI Crude trying to make a break above resistance at 3780/90 as I write & our shorts need stops above 3820. A break higher sees 3790/80 act as support to target minor resistance at 3855/60. We are getting overbought short term so we should struggle here but a break above 3880 signals further gains to 3904 then minor resistance at 3930/40, perhaps as far as 3980/85. First support at 3790/80 now we have broken higher but failure to hold

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