Crude Oil (WTI) (F19) Intraday: further advance.

Crude Oil (WTI) (F19) Intraday: further advance.
Pivot: 51.40

Most likely scenario: long positions above 51.40 with targets at 52.80 & 53.55 in extension.

Alternative scenario: below 51.40 look for further downside with 50.60 & 50.10 as targets.

Comment: the RSI advocates for further advance. The prices are trading above both the 20-period and 50-period moving averages.

Leave a Reply