Crude Oil (WTI) may rise to 123.20 - 124.40
Our preference
Long positions above 121.30 with targets at 123.20 & 124.40 in extension.
Alternative scenario
Below 121.30 look for further downside with 119.50 & 118.40 as targets.
Comment
The break above 121.30 is a positive signal that has opened a path to 123.20.
Daily and weekly charts are also bullish.
Our preference
Long positions above 121.30 with targets at 123.20 & 124.40 in extension.
Alternative scenario
Below 121.30 look for further downside with 119.50 & 118.40 as targets.
Comment
The break above 121.30 is a positive signal that has opened a path to 123.20.
Daily and weekly charts are also bullish.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.