(08 JANUARY 2019)Crude Oil (WTI):Under pressure.

(08 JANUARY 2019)Crude Oil (WTI):Under pressure.

8 January 2019, 09:33
Jiming Huang
0
108

oil

Pivot (invalidation): 49.40

Our preference

Short positions below 49.40 with targets at 48.35 & 47.60 in extension.

Alternative scenario

Above 49.40 look for further upside with 49.80 & 50.70 as targets.

Comment

The RSI is mixed to bearish.

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