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

Crude Oil (WTI) (F19) Intraday: further advance.
Pivot: 52.00

Most likely scenario: long positions above 52.00 with targets at 52.90 & 53.40 in extension.

Alternative scenario: below 52.00 look for further downside with 51.50 & 50.80 as targets.

Comment: the RSI is mixed to bullish. The prices are trading above the 50-period moving average.

Leave a Reply