Technical Analysis and Outlook
WTI crude oil has delayed its up move and is continuously trading in a stagnated range - Mean Sup $55.15 and Key Res $57.15. However, its path to near-term outer Oil Rally $58.40 is sound. On the downside vulnerable Mean Sup $55.15 is prone to be taken out - Keep an eye on critical Key Sup $52 as well. (For Market Commentary conclusion, please visit the TradingSig_dot_com).
WTI crude oil has delayed its up move and is continuously trading in a stagnated range - Mean Sup $55.15 and Key Res $57.15. However, its path to near-term outer Oil Rally $58.40 is sound. On the downside vulnerable Mean Sup $55.15 is prone to be taken out - Keep an eye on critical Key Sup $52 as well. (For Market Commentary conclusion, please visit the TradingSig_dot_com).