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KQMarkets

WTI Crude Oil - Long - Awaiting Significant Price Action

Long
West Texas Oil (OANDA:WTICOUSD)  
KQMarkets  
OANDA:WTICOUSD   West Texas Oil
Support and Resistance Fibonacci Beyond Technical Analysis WTI uscrude
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supportandresistance fibonacci beyondta wti uscrude
We still see WTI Crude Oil moving higher but we are waiting for prices to pass through resistance at $55.6 to continue the upward momentum. Yesterday US Crude oil inventories came in at 9281K vs 2495K putting downward pressure on on prices but a potential deal between the UK and EU being passed through UK parliament on Wednesday could increase optimism on the future growth of the global economy hence boosting oil prices.
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