Crude Oil (WTI) (F19) Intraday: under pressure.

Crude Oil (WTI) (F19) Intraday: under pressure.
Pivot: 54.80

Most likely scenario: short positions below 54.80 with targets at 52.80 & 52.00 in extension.

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

Comment: the RSI is bearish and calls for further downside.

Leave a Reply