Crude Oil (WTI) (J6) Intraday: supported by a rising trend line.

3 March 2016, 12:53
Mohammed Abdulwadud Soubra
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Pre US Open, Daily Technical Analysis   Thursday, March 03, 2016




Crude Oil (WTI) (J6) Intraday: supported by a rising trend line.
 

  
 Pivot: 33.55

Most Likely Scenario: long positions above 33.55 with targets @ 35.18 & 35.60 in extension.

Alternative scenario: below 33.55 look for further downside with 33.00 & 32.30 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.






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