(07 NOVEMBER 2018)Crude Oil (WTI):The downside prevails.
Analytics & Forecasts

(07 NOVEMBER 2018)Crude Oil (WTI):The downside prevails.

7 November 2018, 09:20
Jiming Huang
Jiming Huang
0
71

oil

Pivot (invalidation): 62.50

Our preference

Short positions below 62.50 with targets at 61.30 & 60.70 in extension.

Alternative scenario

Above 62.50 look for further upside with 63.30 & 63.90 as targets.

Comment

The RSI is bearish and calls for further downside.

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#Crude Oil (WTI)