WTI Crude oil outlook.
WTI Crude selling opportunity at 5430/50 worked perfectly as we paused at support at 5210/20 but then broke lower to the next targets of 5100/5090 & 3 ticks above 5020/15.

WTI Crude bounce from 5020/15 reached almost as far as 5210/20. Outlook negative & holding here re-targets 5100/5090. Below here targets 5020/15 & perhaps as far as 4955/45. On further losses look for 4910/20. Below 4900 targets 4875 & 4830/20. Below 4800 look for 4765/55 & 4740/30.

Above 5220 allows a recovery to 5270/60 then quire strong resistance at 5340/60. A break higher retests 5440/50. A break higher this time targets 5525/35 then a selling opportunity at 5580/5600, with stops above 5650.

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