Crude Oil (WTI) (F19) Intraday: consolidation in place.

Crude Oil (WTI) (F19) Intraday: consolidation in place.
Pivot: 52.50

Most likely scenario: short positions below 52.50 with targets at 50.60 & 50.10 in extension.

Alternative scenario: above 52.50 look for further upside with 53.10 & 53.55 as targets.

Comment: as long as 52.50 is resistance, look for choppy price action with a bearish bias.

Leave a Reply