Updata Morning Call – WTI & NatGas
WTI – Short & medium term trends are bullish but under pressure now, targets are to the up & downside – Today Neutral
NatGas – Close to peak resistance but bullish short & medium term with targets of $3.64 & $3.665 – Today Bullish
WTI is still bullish in the short term, the brief drop down through the cloud yesterday was for less than 3 periods so didn’t confirm the break. The medium term trend is bullish but the price has now dropped through the cloud so the trend is under pressure. Resistance from the peaks over the past 5 days is at $93 and at $94 from the past month’s peaks. The very short term one minute (0.1×3) point and figure chart is bullish and has up-side targets of $94 and $94.5, there is also a downside target of $89.2 and un-activated downside target of $90.7. Please watch the Updata TA Newswire for live updates.