Technical Talk:WTI/USD 26-11-2018

WTI/USD: Crude WTI’s first challenge of the week is at 57.20
Our preference: short positions below 51.60 with targets at 49.90 & 49.00 in extension.Alternative scenario: above 51.60 look for further upside with 53.10 & 53.55 as targets.

Comment:
WTI/USD: Crude WTI’s first challenge of the week is at 57.20

What is going on with Crude WTI /USD? 57.00

WTI/USD: Crude WTI broke through 57.50 resistance in Friday’s session but failed to continue 58.10 and fell to 56.40 support.
The Crude WTI fought back with lots of determination and managed to rebound 56.85 support.

Our forecast.WTI/USD: Crude prices have progressed well to the upside since bouncing at 55.35 support following the recent sell-off.
However, Crude prices need to maintain its trading position above 56.85 to hold the current uptrend.
Crude prices also needs to break and remain above 57.20 to proceed to 57.50 and 58.10. If it fails at 56.85,
then we expect the pair to fall to 56.40 support

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