WTI Update

Following fresh highs 74.97, the WTI was sold down from the target zone. Pls see WTI Heads for Fresh Highs in Final Move . Since this mornings 1.60 drop it's bounced 50% in a classic abc. New lows on the day are likely setting it up for a test of 72.00, an overlap and .382 retrace of the move up from 67.46

Click on Chart to enlarge.


Popular posts from this blog

WTI Update- a 4 Handle Future?

Biden Climate Plan and Global GDP

Gasoline a By-product of Distillate