(06 August 2020)Crude Oil (WTI) The downside prevails.

(06 August 2020)Crude Oil (WTI) The downside prevails.

6 August 2020, 09:32
Jiming Huang
0
77

oi
Pivot
 (invalidation): 42.70
Our preference
Short positions below 42.70 with targets at 41.35 & 41.00 in extension.
Alternative scenario
Above 42.70 look for further upside with 43.50 & 44.35 as targets.
Comment
The RSI is bearish and calls for further downside.

(By Swissquote TRADING CENTRAL)