Crude Oil (WTI) (V18) Intraday: the upside prevails. Pivot: 69.20 Most likely scenario: long positions above 69.20 with targets at 70.15 & 70.80 in extension. Alternative scenario: below 69.20 look for further downside with 68.50 & 67.90 as targets. Comment: the RSI lacks downward momentum. The prices jumped after breakingContinue Reading

Crude Oil (WTI) (V18) Intraday: key resistance at 68.10. Pivot: 68.10 Most likely scenario: short positions below 68.10 with targets at 67.05 & 66.50 in extension. Alternative scenario: above 68.10 look for further upside with 68.50 & 69.00 as targets. Comment: the RSI is mixed to bearish. The prices aroundContinue Reading

Crude Oil (WTI) (V18) Intraday: under pressure. Pivot: 68.40 Most likely scenario: short positions below 68.40 with targets at 67.50 & 67.00 in extension. Alternative scenario: above 68.40 look for further upside with 69.00 & 69.50 as targets. Comment: the RSI advocates for further decline.