Crude Oil (WTI) (V18) Intraday: watch 70.90.
Pivot: 69.35

Most likely scenario: long positions above 69.35 with targets at 70.40 & 70.90 in extension.

Alternative scenario: below 69.35 look for further downside with 68.85 & 68.55 as targets.

Comment: the RSI is supported by a rising trend line. The prices are trading around 20-period moving average.

Leave a Reply