WTI Brent: Watch for Jan to Move Lower

MrTopStep.com

WTI-BRENT

WTI-BRENT S2 S1 CLOSE R1 R2 TREND
DAILY -2315 -2230 -2158 -2100 -2000 DOWN
WEEKLY –2500 -2350 –2109 –2000 -1620 DOWN

 

Daily Moving Averages: 21, 55, & 100: -21.15, -21.76, -22.28

Weekly Moving Averages: 55, 100, & 200: -21.98, -20.12, –18.03

We noted that Jan completed a pattern to the upside at the -20.60 area for Monday. We saw it declining to the -21.70 level, and were rewarded on our outlook.

We see Jan moving lower again on Tuesday with a target at -22.15 to -22.30.
The downside extension pivot is -22.50.
There is resistance at -21.15 to -21.00.
The minor upside pivot is -20.75.
The key upside pivot is -20.50.

WTI Brent

WTI Brent / Stanton Analytics


WTI Brent Weekly

WTI Brent Weekly / Stanton Analytics

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