WTI Crude below 4340/30 risks a retest of of 4280/70 lows. Try longs with stops below 4250. A break lower sees a retest of March lows for the bear market
WTI Crude September contract Daily Forecast - 13 August 2015WTI Crude below 4340/30 risks a retest of of 4280/70 lows. Try longs with stops below 4250. A break lower sees a retest of March lows for the bear market at 4203. Buying in to small longs here is now worth a try. A break lower however then targets 4160/55 & 4080. If we continue lower this week look for 4020/10.
Holding above 4330/40 revisits our selling opportunity at 4380/90. Try small shorts with stops at 4430. Be ready to buy a break higher to target 4500 but look for a selling opportunity at 4520/30.
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