WTI technical analysis: Moving away from trendline hurdle

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From a technical standpoint, WTI is falling away from trendline resistance, smothered below the 200 and 50-day moving average. On the upside, the 60 level is above the trendline resistance aheda of a run to the 64 handle. On the downside, weekly lows at 56.77, 54,50, then the 52 handle and the 14th Jan 50.41 lows guard the 26th November lows at 49.44.

From a technical standpoint, WTI is falling away from trendline resistance, smothered below the 200 and 50-day moving average. On the upside, the 60 level is above the trendline resistance aheda of a run to the 64 handle. On the downside, weekly lows at 56.77, 54,50, then the 52 handle and the 14th Jan 50.41 lows guard the 26th November lows at 49.44.

Francine Pernod

Francine Pernod

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