Support holding up. Final test at 65.00.

21 ago 2018

The price has retested the 64.40 suport making a strict Higher Low on the 1W Channel Up. Equally however, the 66.60 Resistance posed enough selling pressure to keep WTI still inside the 1D Channel Down (RSI = 39.602, MACD = -1.130, Highs/Lows = -0.7157, B/BP = -1.9240). The 1W Channel Up is now starting to narrow the potential downside limit to 65.00, which we expect to be the final test before the 1D Channel Down breaks upwards. We will keep our three long positions (TP = 71.88 and 72.86 in extension) as 1D is on support levels and 1W on a Higher Low limit. We will be ready to take the loss on all three however as a value below 63.50, will target 59.30 on medium term.