(22 October 2020)Crude Oil (WTI) The downside prevails.

(22 October 2020)Crude Oil (WTI) The downside prevails.

22 October 2020, 09:18
Jiming Huang
0
75

oi
Pivot
 (invalidation): 40.15
Our preference
Short positions below 40.15 with targets at 39.55 & 39.35 in extension.
Alternative scenario
Above 40.15 look for further upside with 40.45 & 40.80 as targets.
Comment
A break below 39.55 would trigger a drop towards 39.35

(By Swissquote TRADING CENTRAL)