WTI Crude: We’re still shy of the downtrend line you can see on our chart, which is at 62.87 today, so the bears will cite that in their favour. Chart/Analysis – Clive Lambert

 

We rallied neatly on Friday, posting a large green candle with Marabuzo support at 61.19.

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Financial & Political Commentary

 

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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.