Free Trial

(M19) Focus Remains On Friday's Low.......>

WTI TECHS
WTI TECHS: (M19) Focus Remains On Friday's Low
*RES 4: $71.81 - High Oct 17 
*RES 3: $70.00 - High Oct 22 
*RES 2: $68.13/36 - 76.4% Retracement/High Oct 26 
*RES 1: $66.60 - High Apr 23 
*PRICE: $63.44 @ 06:06 GMT Apr 30 
*SUP 1: $62.28/61.92 - Low April 26/Low Apr 5 
*SUP 2: $60.79/60.22 - 200-dma/55-dma 
*SUP 3: $58.44 - Low Mar 25 
*SUP 4: $55.31 - Low Mar 8 
WTI futures have recovered somewhat from Friday's crash but the chart damage
done keeps the near term focus on the April 26/5 lows at $62.28/61.92. Below
here brings the 200/55-dmas into play which cross at $60.79/60.22. On the upside
the April 23 high at $66.60 remains the target with a break above here opening
the 76.4% retracement/Oct 26 high at $68.13/36.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.