WTI Crude “..still a bit to do before we can say we’re bouncing, although this is our favoured skew.” Chart/Analysis – Clive Lambert

 

The bulls were going along nicely on the recovery trade yesterday but found sellers at 60.83 and have tracked back from here to post an “Inverted Hammer” candle; a reversal candle but not a strong one.

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About the author

Clive Lambert is the founder, and continues to be the main contributor, for FuturesTechs. He has been in the City for 30 years, has been in the Futures Market for 25+ years as a Broker and Trader, and has been writing Technical Analysis for over 15 years. He is a Board Member of the U.K. Society of Technical Analysts. He has spoken at several of the Society's monthly meetings over the years and has also been enlisted as a regular lecturer on the Society's annual Diploma Course, covering a wide range of subjects. He was on the board between 2003 and 2011 and rejoined in 2015.