Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
12 November
- WTI Crude December future
* Last session low & high: 5966 – 6128.- * WTI Crude made a break above short term trend line resistance at 6020/6060. Shorts stopped above 6100 & we made it to 6128.
- * This does not really change the outlook much as we are still holding below last week’s high of 6150. Not an important breakout yet.
- * A clear & sustained breakout above 6160 should be a buy signal targeting the 6250/6300 area. A break above 6350 would be a more longer term buy signal.
- * We should have support at 6050/6020 after yesterday’s breakout of the 2 week channel. Longs need stops below 5970 so it is a low-risk opportunity to see if we have started a short term bull trend.
- * Target for longs: 6150
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Daily Technical Analysis is provided by Jason Sen of Day Trade Ideas, who has been day trading since the late 1980’s. Jason has been a contributor of Traders Summit since the beginning. He primarily focuses on providing technical analysis of the financial markets, including stock chart patterns, Forex and Metals setups, and other useful technical analysis.
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Jason Sen, Director
https://www.daytradeideas.co.uk
20251112
