WTI Intraday: bullish bias above 69.50.

WTI (USOIL)
+0.547+0.79%
long positions above 69.50 with targets at 70.80 & 71.30 in extension.
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Pivot: 69.50

Our preference: long positions above 69.50 with targets at 70.80 & 71.30 in extension.

Alternative scenario: below 69.50 look for further downside with 68.90 & 68.40 as targets.

Comment: the next resistances are at 70.80 and then at 71.30.

Supports and resistances:
72.00
71.30
70.80
70.03 Last
69.50
68.90
68.40

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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