(26 JULY 2019)Crude Oil (WTI):Key resistance at 56.50.

(26 JULY 2019)Crude Oil (WTI):Key resistance at 56.50.

26 July 2019, 10:26
Jiming Huang
0
58

oi

Pivot (invalidation): 56.50

Our preference

Short positions below 56.50 with targets at 55.80 & 55.35 in extension.

Alternative scenario

Above 56.50 look for further upside with 56.80 & 57.30 as targets.

Comment

As Long as 56.50 is resistance, look for choppy price action with a bearish bias

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