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WTI crude oil: Could it reach a new yearly high?

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WTI Crude

WTI Crude JANUARY Future making a break above the November high at 4333 thismorning


Daily Analysis

WTI Crude beats 4325/35 for a move towards the continuation chart high of thisyears at 4365/78. Further gains retest the January contract September high at4400/15. A break higher retests important support at this year’s January contracthigh (in August) at 4450/60.

Strong support at 4335/15. A break below 4300 risks a slide to4270, perhaps as faras 4250/30. A buying opportunity at 4230/10 with stops below 4180.

WTI crude oil: Could it reach a new yearly high?

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WTI crude oil: Could it reach a new yearly high?

Reprinted from FXStreet,the copyright all reserved by the original author.

Edited 24 Nov 2020, 17:58

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