WTI CRUDE OIL

- USD (-)

- 10 min delayed data - NYMEX Futures

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Type:	Commodities
Ticker:	WBS
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WTI CRUDE OIL - WTI breaks above 94.00 - 09/30/2014 (GMT)

Timeframe : 4H

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WTI CRUDE OIL Chart

• WTI moved higher yesterday, breaking above 94.00, the upper boundary of the range it’s been trading since the 8th of September. I would expect the move above 94.00 to have further bullish extensions and target our resistance hurdle of 96.00 (R1) in the near future. The continuation of the bullish wave is also supported by our daily momentum studies, where the RSI moved above its 50 line and is pointing up and the MACD already above its trigger line is approaching its zero line.
• Support: 94.00 (S1), 92.00 (S2), 90.60 (S3)
• Resistance: 96.00 (R1), 96.70 (R2) , 97.80 (R3)

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