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WTI Crude headed for first resistance at 3810/20

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 8, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 08 April 2016 WTI Crude May contract WTI Crude headed for first resistance at 3810/20. Shorts here look more risky today & would need stops above 3860. A break higher not out of the question & signals further gains to 3904 then minor resistance at 3930/40. If this does not hold a rally look for the next target of 3980/85. There is only minor resistance at 3790/80 & failure here risks a slide again to 3720/15 then support at 3685/80. A good chance this will hold the

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