Support again at 1955/50 & longs need stops below 1945.
A break below 1945 however is a sell signal targeting 1940/38 & perhaps as far as 1928/25 for profit taking on any shorts.
WTI Crude December futures unexpectedly broke the best support for this week at 8650/8600 for a sell signal going in to the end of the week & if you did switch in to a short position on the break, prices collapsed by another 250 ticks to key support at 8300/8250. We over ran to 8208, hopefully keeping you long for the bounce to 8550. We are stuck in a range now so this will be difficult until we start to trend again.
We should meet resistance at 8650/8700. Shorts need stops above 8750. A break higher can target 8810/50, perhaps as far as 8920 & even 8960.
A break below 8190 is a sell signal targeting 8150 & probably as far as 8080/8060.
