(05 JULY 2018)Crude Oil (WTI):Bullish bias above 73.50.

(05 JULY 2018)Crude Oil (WTI):Bullish bias above 73.50.

5 July 2018, 14:27
Jiming Huang
0
22

oil

Bullish bias above 73.50. 

(By Swissquote TRADING CENTRAL) 

Pivot (invalidation): 73.50

Our preference

Long positions above 73.50 with targets at 74.25 & 74.75 in extension.

Alternative scenario

Below 73.50 look for further downside with 73.10 & 72.70 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be

limited.

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