Updata Morning Call – WTI & NatGas
WTI – Look for a move off support to test resistance, bullish short & medium term, up-side target of $92.7 – Today Bullish
NatGas – Bullish in the short & medium term with resistance at $3.55 and an up-side target of $3.665 – Today Neutral
WTI is on support from the 60 minute cloud after falling back from resistance at $94 yesterday so the short term trend is bullish, the medium term trend is also bullish with the price in support from the daily cloud and the daily lagging line above the cloud. Look for a move back to test resistance today. The very short term one minute (0.1×3) point and figure chart is bullish with the price finding support from the trend, there is an up-side target of $92.7 and downside target of $90.3. Please watch the Updata TA Newswire for live updates.
