Updata Morning Call – WTI & NatGas
WTI – On support from short term trend, resistance is at $94 but all activated targets are to the downside – Today Neutral
NatGas – Heading towards support but bullish short & medium term with targets of $3.665 & $3.71 – Today Bullish
WTI is bullish in the short term with the price and lagging line on support from the 60 minute cloud but a move below $90.5 would take both lines below the cloud and so change the short term trend bearish. The medium term trend is bullish with the price in support from the daily cloud and the daily lagging line above the cloud. Resistance from the mid-September peak is at $94. The very short term one minute (0.1×3) point and figure chart is bearish now and has downside targets of $91.3, $90.3 and $89.8, the target of $94.3 hasn’t been activated yet. Please watch the Updata TA Newswire for live updates.