Updata Morning Call – WTI & NatGas
WTI – Testing price and cloud support, medium term bullish but has targets of $91.1 & $90.8 – Today Neutral
NatGas – Dropping back to test cloud support, key resistance at $3.55, targets to the up & downside – Today Neutral
WTI’s short term bull trend is under pressure now with the price below the 60 minute cloud and the lagging line on support from the base of the cloud. A drop below $94.4 would take the lagging line below the cloud and so turn the short term trend bearish. There is also support at the $91.4 level from the price action over the past couple of weeks. The medium term trend is bullish with the price in daily cloud support. The very short term one minute (0.1×3) point and figure chart is bearish and has downside targets of $91.1 and $90.8. Please watch the Updata TA Newswire for live updates.
