Crude Oil (WTI) may rise to 121.00 - 122.40
Our preference
Long positions above 118.40 with targets at 121.00 & 122.40 in extension.
Alternative scenario
Below 118.40 look for further downside with 116.75 & 115.20 as targets.
Comment
The RSI is above its neutrality area at 50%.
Daily and weekly charts are also bullish.
Our preference
Long positions above 118.40 with targets at 121.00 & 122.40 in extension.
Alternative scenario
Below 118.40 look for further downside with 116.75 & 115.20 as targets.
Comment
The RSI is above its neutrality area at 50%.
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.