West Texas Oil
Panjang

Technical Analysis outlook - COMMODITY : CRUDE OIL - WTI

98
Sun 13.Jan.2019
Ticker: WTI
LAST= 51.59 00

WTI movement during the last few days showed a Bullish move, with a recent high price seen on Fri 11.Jan.2019 at 53.31.

During the next few days the price is expected to go up for 53.30.

The general view is expected to continue to be UP as long as the price is above 51.37. And as of now, as long as the price is trading above 49.90, its recommended to ' BE LONG ' for a targeted price of around 54.75 Taking in consideration the resistance levels.

On the other hand, a change in the direction of the general trend needs to be considered when the price trades below the level 47.00

Res_2 = 54.00
Res_1 = 51.95

Sup_1 = 49.90
Sup_2 = 47.90

Penafian

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