Free Trial

(X18) Rally Intact Above $70 *RES 4:.....>

WTI TECHS
WTI TECHS: (X18) Rally Intact Above $70 
*RES 4: $81.00 - Channel top 
*RES 3: $80.00 - Resistance 
*RES 2: $76.90 - High Oct 3 
*RES 1: $75.08 - High Oct 10 
*PRICE: $72.09 @ 03:49 GMT 
*SUP 1: $70.00 - Support 
*SUP 2: $69.37 - 55-dma 
*SUP 3: $66.67 - Low Sep 7 
*SUP 4: $65.63 - Low Aug 22 
Support was found ahead of the key $70 level on Friday which keeps the rally
alive. Bulls now target the Oct 10 high at $75.08 ahead of the cycle high at
$76.80 seen on Oct 3. Bears need to break below $70 to gain the edge and target
the 55-dma at $96.37. 

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.