Crude Oil (WTI) (G19) Intraday: rebound in sight.

Crude Oil (WTI) (G19) Intraday: rebound in sight.
Pivot: 45.30

Most likely scenario: long positions above 45.30 with targets at 46.90 & 47.25 in extension.

Alternative scenario: below 45.30 look for further downside with 44.80 & 44.30 as targets.

Comment: the RSI advocates for further advance. Crude oil crosses above both 20-period and 50-period moving averages.

Leave a Reply