WTI

WTI Crude Oil closed the entire gap by testing the open imbalance we pointed out earlier at 74.50. We were expecting an increase provided that it remained above it. It was not achieved and the decline dominated again. We had stated that we expected the decline to continue below 74.50. A decline to 69.80 horizontally occurred. The continuation of the decline is triggered by closing below. Support: 68.04 - 64.40 Resistance: 72.30 - 74.50