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Nymex WTI Crude Oil
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Nymex WTI Crude Oil Technical Analysis

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WTI technical analysis trade tips and signals. Our report outlines clear and precise trade entry levels with profit targets and stop loss levels across a broad range of prices for the intraday. To gain an edge in the markets, successful professional traders need a daily trading plan and must be aware of important support and resistance levels. We ensure you are fully prepared to maximise profitable trading opportunities throughout each day, minimising your risk, maximising your profits and taking away the element of gambling.

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Nymex WTI Crude Oil - June contract
WTI Crude we wrote:..hit an excellent selling opportunity at 4800/10 for shorts with stops above 4860. This is obviously key to direction for the start of this week. An unexpected break higher however targets 4875/85 & 200 day moving average at 4910/15. Above 4940 could take us to quite strong resistance at 4980/90 if you want to try a short again.

Oil shot higher to 4966.
Today's Analysis
16 May 2017 Updated at 00:00am GMT
WTI Crudehit 4966 then dipped to the 4885/75 level on profit taking & bottomed exactly here. Bulls appear to be in control so holding here allows a recovery to 4920/30 before quite strong resistance at 4980/90 if you want to try a short again. Obviously this is risky if bulls remain in control. A break above 5030 signals further gains towards 5090/5100.

Below 4865 risks a slide to support at 4830/20 which looks likely to hold the downside. However Longs need stops below 4800 for a move towards support at 4750/40.
Technical Analysis WTI Crude