(14 October 2020)Crude Oil (WTI) The bias remains bullish.

Pivot
 (invalidation): 39.85
Our preference
Long positions above 39.85 with targets at 40.50 & 40.85 in extension.
Alternative scenario
Below 39.85 look for further downside with 39.45 & 39.05 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)