Updata Morning Call – WTI & NatGas
WTI – Testing 60 min cloud resistance, support is at $88 but has no activated targets so far today – Today Neutral
NatGas – Look for a drop back to test support again, bearish short term, targets of $3.44 & $3.28 – Today Neutral
WTI is bearish in the short term but the price and lagging lines are testing the 60 minute cloud, look for a drop from the cloud towards support from yesterday’s low at $88.2 and the October low of $87.5. The medium term is bullish with the price and lagging line finding support from the daily cloud but a move to $86 would take the price and daily lagging line below the cloud turning the medium term bearish. The very short term one minute (0.1×3) point and figure chart is bullish and has un-activated targets of $92.5 to the up-side and $87.6 to the downside. Please watch the Updata TA Newswire for live updates.