- Stocks up to 358.09m
- Gasoline stocks +505k vs 1.5m exp
WTI coming off now but was pretty steady over the release. We’re pivoting over the August 2013 resistance line and we’re not managing to make a close above the 100 dma.
WTI daily chart 05 02 2014
Down below the 55 dma has been catching the falls.
As I mentioned in the comments earlier I’m looking at the boundaries around the 38.2 fib and 200 dma at 99.30/38 and below at the June 2012 support line and then the 91.45 lows, though the 100 dma is looking like a good scalp point with a tight stop on a break.
