WTI Intraday: key resistance at 62.85.
WTI (USOIL)
+2.535+2.65%
short positions below 62.85 with targets at 62.05 & 61.75 in extension.
Pivot: 62.85
Our preference: short positions below 62.85 with targets at 62.05 & 61.75 in extension.
Alternative scenario: above 62.85 look for further upside with 63.40 & 63.95 as targets.
Comment: as long as 62.85 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
63.95
63.40
62.85
62.35 Last
62.05
61.75
61.05
Our preference: short positions below 62.85 with targets at 62.05 & 61.75 in extension.
Alternative scenario: above 62.85 look for further upside with 63.40 & 63.95 as targets.
Comment: as long as 62.85 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
63.95
63.40
62.85
62.35 Last
62.05
61.75
61.05
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