(27 AUGUST 2018)Crude Oil (WTI):Consolidation.

(27 AUGUST 2018)Crude Oil (WTI):Consolidation.

27 August 2018, 09:52
Jiming Huang
0
62

oil

Pivot (invalidation): 68.90

Our preference

Short positions below 68.90 with targets at 68.25 & 67.95 in extension.

Alternative scenario

Above 68.90 look for further upside with 69.30 & 69.65 as targets.

Comment

As Long as 68.90 is resistance, look for choppy price action with a bearish bias

(By Swissquote TRADING CENTRAL) 

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