Crude Oil (WTI) may rise to 120.40 - 122.00
Our preference
Long positions above 117.10 with targets at 120.40 & 122.00 in extension.
Alternative scenario
Below 117.10 look for further downside with 116.20 & 115.40 as targets.
Comment
The break above 117.10 is a positive signal that has opened a path to 120.40.
Daily and weekly charts are also bullish.
Our preference
Long positions above 117.10 with targets at 120.40 & 122.00 in extension.
Alternative scenario
Below 117.10 look for further downside with 116.20 & 115.40 as targets.
Comment
The break above 117.10 is a positive signal that has opened a path to 120.40.
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.