Crude Oil (WTI) (F19) Intraday: turning down.
Pivot: 51.80

Most likely scenario: short positions below 51.80 with targets at 50.45 & 50.10 in extension.

Alternative scenario: above 51.80 look for further upside with 52.60 & 53.30 as targets.

Comment: the RSI is bearish and calls for further downside. The declining 50-period moving average should push the prices lower.

Leave a Reply