CFDs on Crude Oil (WTI)Updated Oil outlook
After the strong reversal off $75 downside acceleration could be capped by the 100dma & previous key swing high (50% retrace off 2014-2016 collapse). A break through this level puts target on ~$65 level which is the median line of long-term pitchfork, key slope over the 2017-2018 climb & 200DMA in close vicinity.
Short-term look, potential pullback to $69.38 before move below 100dma
Short-term look, potential pullback to $69.38 before move below 100dma
Note
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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.