Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: WTI 85 Rally Pivot Will Shift the Inflation Narrative and more

In today’s briefing:

  • WTI 85 Rally Pivot Will Shift the Inflation Narrative

WTI 85 Rally Pivot Will Shift the Inflation Narrative

By Thomas Schroeder

  • WTI bear call from 116 is meeting our 89/85 low zone with a key turn target near 85 that will spur a rally and shift inflation expectations.
  • The touted break down from triangulation is setting up a key low. We did reduce our short at 89 with a plan to close the remaining tranche on weakness.
  • RSI is not confirming new price lows for a case of bull divergence. A macro low is setting up if the 85 support holds and induces a bull turn.

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