StephenHoad

Short pressure still on WTI?

Short
NYMEX:CL1!   Light Crude Oil Futures
WTI been a tough one to trade with no real long term price directional focus and as been bouncing around inside the $55 / $43 range for a while now. Momentum and some would argue the fundamentals are pointing to further possible weakness? On the Kagi chart price attacking the lows of the triangle set up. If it does break though, there is further nearby resistance at $42 then $38. If it cant crack here, then its back into the longer term range. Currently trading around $46
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