Updata Morning Call – WTI & NatGas
WTI – The Short term is bearish, look for resistance around the October low. Watch for new targets – Today Neutral
NatGas – The short term is bearish, look for move up to test cloud base. Un-activated upside target of 3.55 – Today Neutral
WTI sustained further losses yesterday with a move down to the October 3rd low and is bearish in the short term. The price is now testing the October 3rd low so look for some support at this level early on. The medium term daily cloud chart is bullish but a move below the $86 mark would confirm a new bear trend. The very short term one minute point and figure (0.1×3) chart is bearish with all downside targets now achieved. Watch throughout the day for new thrust targets. Please watch the Updata TA Newswire for live updates.