Crude Oil (WTI) (F19) Intraday: turning down.
Pivot: 54.80

Most likely scenario: short positions below 54.80 with targets at 54.00 & 53.40 in extension.

Alternative scenario: above 54.80 look for further upside with 55.30 & 55.80 as targets.

Comment: the RSI broke below a bullish trend line. The 20-period moving average has just crossed below the 50-period one.

Leave a Reply