Nymex WTI Light Crude broke support at $96/barrel, warning of a primary down-trend. Reversal of 63-day Twiggs Momentum below zero strengthens the signal, while follow-through below $93 would confirm.
* Target calculation: 95 – ( 110 – 95 ) = 80
Brent Crude is testing medium-term support at $110/barrel. Failure would indicate a fall to the primary level at $103. Follow-through below $100 would offer a long-term target of $75/barrel*. Reversal of 63-day Twiggs Momentum below zero would strengthen the bear signal.
* Target calculation: 100 – ( 125 – 100 ) = 75