Free Trial

(V19) Volatile *RES 4: $61.32 - High......>

WTI TECHS
WTI TECHS: (V19) Volatile
*RES 4: $61.32 - High May 23
*RES 3: $60.93 - High Jul 11
*RES 2: $60.13 - Potential bull channel top drawn off Aug 7 low / High Jul 16
*RES 1: $58.76/86 - High Sep 10 / High Jul 31
*PRICE: $56.14 @ 07:32 BST Sep 12
*SUP 1: $55.61 - Low Sep 11
*SUP 2: $54.83 - Low Sep 6
*SUP 3: $53.84/75 - Low Sep 4 / Bull channel base drawn off the Aug 7 low
*SUP 4: $52.84 - Low Sep 3 and key support
WTI faced strong selling pressure yesterday and maintains the volatile recovery
that began off the Aug 7 low. Yesterday's $55.61 low marks an important intraday
support. If prices can remain above this level, a bullish theme confirmed this
week will be maintained with the focus on $58.76, the Sep 10 high. A break of
$58.76 would signal scope for stronger gains within the bull channel drawn off
the Aug 7 low. A break of yesterday's low would instead expose $53.75.

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.