WTI Crude: Meets The 200 Day Moving Average At 5195/99
Jason Sen | May 24, 2017 03:24
WTI Crude meets the 200 day moving average at 5195/99. In overbought conditions gains are likely to be limited, but with no sell signal yet, if we continue higher look for a move towards the 100 day moving average at 5235/40.
We have drifted back to Monday's high at 5143 but below here tests first support at 5100/5095 then better support at 5050/45. Watch for a low for the day but further losses test good support at 5000/4990.
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