WTI crude once again resumed its uptrend yesterday extending last week's gains and the break of resistance at $72.74, Jun 16 high. Despite pulling back from the high, the outlook remains bullish. A positive price sequence of higher highs and higher lows remains intact and signals scope for further upside with attention on $75.01, a Fibonacci projection. Key support has been defined at $69.54, Jun 17 low. A break is required to signal a top.

Fixed Income Technical Analysis Foreign Exchange Technical Analysis EM Bullet Fixed Income News Homepage markets-real-time Commodities Bullet Markets Emerging Markets News Foreign Exchange News

Taso Anastasiou

Fixed Income Technical Analysis Foreign Exchange Technical Analysis EM Bullet Fixed Income News Homepage markets-real-time Commodities Bullet Markets Emerging Markets News Foreign Exchange News

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(Q1) Corrective Pullback