Updata Morning Call – WTI & NatGas
WTI – Bullish short and medium term now, resistance at $94 & has up-side targets of $93.2 & $94 – Today Bullish
NatGas – Medium term trend is bullish but short term is bearish with downside targets to $3.275 – Today Neutral
WTI is bullish in the short term now after the cross up through the 60 minute cloud yesterday, the medium term trend is also bullish and the price has been following the base of the daily cloud upwards so far this week. Resistance from the peaks over the past month is at $94. Support from the overnight lows is at $92 and from the 60 minute cloud at $91.5. The very short term one minute (0.1×3) point and figure chart is bullish and has up-side targets of $93.2 and $94, there are also un-activated targets of $94.5 to the up-side and $91.3 to the downside. Please watch the Updata TA Newswire for live updates.