WTI Crude oil outlook.
WTI Crude beat resistance at 5350/60 but missed the next target of 5470/80 by 15 ticks.
Bears remain in control - outlook negative.

WTI Crude minor support at 5270/60 then better support at 5210/20 (we bottomed exactly here as I write this morning). Below 5180 however risks a slide to 5100/5090. Below here targets 5020/15 & perhaps as far as 4955/45. On further losses look for 4910/20. Below 4900 targets 4875 & 4830/20. Below 4800 look for 4765/55 & 4740/30.

Minor resistance at 5360/70 but above here targets 5430/50. Try shorts with stops above 5480. A break higher targets 5525/35 then a selling opportunity at 5580/5600, with stops above 5650.

http://www.daytradeideas.co.uk/nymex-wti-crude-oil-technical-analysis.html