Testing some key levels
WTI got huge support today form a key zone in the 58s
WTI is testing the down trend and bumping it's head against the pivotal 60 level.
5min and 15min are overbought from the selloff this week.
60min still has room to run
On the 2H here we can see there is room to run
On the daily, still looks like it wants to correct to 54/55
Not much to do right this second going in to a Friday close, but something to keep a close eye on for next week.
WTI is testing the down trend and bumping it's head against the pivotal 60 level.
5min and 15min are overbought from the selloff this week.
60min still has room to run
On the 2H here we can see there is room to run
On the daily, still looks like it wants to correct to 54/55
Not much to do right this second going in to a Friday close, but something to keep a close eye on for next week.
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