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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 - July contract
WTI Crude we wrote:.testing the May low for the July contract at 4418/13. This is the only support of any importance in oversold conditions but longs are still very risky in the longer term bear trend. It is always high risk to pick a bottom in such a trend but this is the only level I could suggest the risk may be worth it..

We bottomed almost exactly here at 4422 but only managed a recovery to 4494.
Today's Analysis
19 June 2017 Updated at 22:36pm GMT
WTI Crude outlook negative as we drift back towards the May low for the July contract at 4418/13. A stated last week, longs are very risky, if you decide to try I would suggest a stop below the May low on the continuation chart at 4380/76. A break lower is an obvious sell signal targeting 4355 & 4310/05 & perhaps as far as the November low at 4230/20 before the end of June.

Holding important support at 4418/13 for a second time re-targets 4480/90 & with a small double bottom we would perhaps reach as far as strong resistance at 4530/40 today. Watch for a high for the day. However Shorts need stops above 4565. If we continue higher look for a selling opportunity at 4600/10, with stops above 4650.
Technical Analysis WTI Crude