WTI Intraday: continuation of the rebound.
WTI (USOIL)
+0.347+0.59%
long positions above 58.80 with targets at 61.00 & 62.20 in extension.
Pivot: 58.80
Our preference: long positions above 58.80 with targets at 61.00 & 62.20 in extension.
Alternative scenario: below 58.80 look for further downside with 58.30 & 57.75 as targets.
Comment: the RSI advocates for further advance.
Supports and resistances:
63.00
62.20
61.00
59.80 Last
58.80
58.30
57.75
Our preference: long positions above 58.80 with targets at 61.00 & 62.20 in extension.
Alternative scenario: below 58.80 look for further downside with 58.30 & 57.75 as targets.
Comment: the RSI advocates for further advance.
Supports and resistances:
63.00
62.20
61.00
59.80 Last
58.80
58.30
57.75
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