(30 JULY 2018)Crude Oil (WTI):Break of a ST rising trendline support.

Pivot (invalidation): 69.25

Our preference

Short positions below 69.25 with targets at 68.70 & 68.25 in extension.

Alternative scenario

Above 69.25 look for further upside with 69.70 & 69.90 as targets.

Comment

The RSI is capped by a bearish trend line.

(By Swissquote TRADING CENTRAL)