Wednesday 6 July 2022

WTI Down 14% since the Cloud Chart sell signal! Next key support zones: 93.82/91.28!

WTI Down 14% since the Cloud Chart sell signal! Next key support zones to be tested: 93.82/91.28! WTI attempted to rebound from a cloud chart support zone at the bottom end of the cloud at 104.76 but this support level did not hold! When WTI sliced past this key level to trade below the cloud the outlook changed from bullish to bearish on the daily cloud chart. WTI is down more than 14% since the cloud chart sell signal at around the $110 zone!

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