MTECHTIPS WTI Crude: Must Beat 3115/20 To Build Short-Term Recovery

MTECHTIPS WTI Crude: Must Beat 3115/20 To Build Short-Term Recovery WTI Crude severely oversold now and seems like every commentator and analyst is negative, which makes me wary of a short squeeze. There are very minor positive short term candles but we need to beat first resistance at 3115/20 to build a short term recovery and target stronger resistance at 3190/95. Shorts need stops above 3225. A break higher however targets 3255 then strong resistance at 3315/20. Try shorts with stops above 3345. The big $30 psychological round number is key to the downside. A break below 2980 adds pressure of course to target 2968/65 then minor support at 2930. If we continue lower look for 2870 then 2847/45 and 2828/25.