13 Mar 2019
WTI Technical Analysis: Firming along the 38.2% fibo Support
- The price needs to keep above the 21-D SMA at 56.24, as well as the 38.2% Fibo of Oct highs to late Dec swing lows.
- 56.20 is a key level to the downside also.
- Bulls can look to a target the 57.85/93 double-tops.
- Further out, 59.60/80 territory is key (50% Fibo).
- S1 56.93, S2, 56.52 S3 55.63.
- R1 57.64, R2 58.05, R3 58.76.
