CFDs on WTI Crude Oil

WTI Roadmap May 2017

Updated

Weak corrective move

Note

In any way, low 50s is achievable in the summer, to make another lower high at least

Note

Essentially, the reflation wave then implies sharp moves up while in between prolonged consolidation

Note

First upleg was 4 months Feb 2016-May 2016, followed by many months now of consolidation in a range

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47 was reclaimed which is good

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Solid uptick today

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Working quite nicely. Lets see next week with Opec and Iran

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Net spec positioning is neutral, has been cut down significantly

Related publications

WTI Roadmap Dec 2016

WTI Roadmap March 2017

WTI Short term Update March 2017

WTI Roadmap April 2017

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