(24 August 2020)Crude Oil (WTI) Bullish bias above 42.15.

Pivot
 (invalidation): 42.15
Our preference
Long positions above 42.15 with targets at 42.70 & 42.95 in extension.
Alternative scenario
Below 42.15 look for further downside with 41.75 & 41.45 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)