(20 AUGUST 2018)Crude Oil (WTI):Bullish bias above 65.50.

Pivot (invalidation): 65.50

Our preference

Long positions above 65.50 with targets at 66.10 & 66.40 in extension.

Alternative scenario

Below 65.50 look for further downside with 64.80 & 64.45 as targets.

Comment

A support base at 65.50 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)