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WTIC oil @ Yr2 Rez

May 24, 2018

 WTIC Oil futures, is starting to pullback after testing the YearlyR2 Pivot Point. Last January when price tested the Yr1 Pivot, it held for 5 months. Oil seasonally usually tops out in late May and goes down into the summer driving season. I'm looking for WTIC oil to pullback this summer to the Yr1 Pivot @ $66.60. If Yr1 fails, then the YP @ $55 is possible in 2018.

 

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