Crude Oil (WTI) Daily Chart : Consolidation in Place
Pivot: 51.65
Preference: short positions below 51.65 with targets at 45.00 & 43.75 in extension.
Alternative scenario: above 51.65 look for further upside with 53.60 & 55.00 as targets.
Comment: as long as 51.65 is resistance, likely decline to 45.00.
Supports and resistances:
55.00 **
53.60 **
51.65 ***
47.14 Last
45.00 ***
43.75 **
42.10 **
Preference: short positions below 51.65 with targets at 45.00 & 43.75 in extension.
Alternative scenario: above 51.65 look for further upside with 53.60 & 55.00 as targets.
Comment: as long as 51.65 is resistance, likely decline to 45.00.
Supports and resistances:
55.00 **
53.60 **
51.65 ***
47.14 Last
45.00 ***
43.75 **
42.10 **
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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.