Wednesday, March 25, 2015

WTI Review

First of all plz see the Jan 30 post calling the bottom in at 43.58.
And from Feb. 18 " Overlapping the low $50.81 negates that count and opens up a potential move towards the lower end of the range."
Currently WTI may be subject to one more draft down to potentially print new lows by  a hair. This would reflect the contango structure and the Fibinacci support around the 43.58 number.
As stated before WTI risk is weighted to the upside.

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