Tuesday, 16 May 2017

WTI Crude Oil - Make or Break ?

Daily chart of West Texas Intermediate (WTI) Crude Oil.

S-Trader Trend Tracker daily resistance levels still remains.
Resistance1 = $51.38 
Resistance2 = $49.18

Based on yesterday's closing price, 
50-period simple moving average (SMA)   = $49.56
200-period simple moving average (SMA) = $49.24

Looking at the chart. There are several resistance ahead for the price action to clear before a sustainable bull could takes charge.

Will it has the strength to overcome ?




 Source :
1) Metastock

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