(15 OCTOBER 2018)Crude Oil (WTI):Rebound expected.

(15 OCTOBER 2018)Crude Oil (WTI):Rebound expected.

15 October 2018, 09:33
Jiming Huang
0
20

oil

Pivot (invalidation): 71.30

Our preference

Long positions above 71.30 with targets at 72.70 & 73.60 in extension.

Alternative scenario

Below 71.30 look for further downside with 70.90 & 70.50 as targets.

Comment

The RSI is supported by a bullish trend line.

(By Swissquote TRADING CENTRAL) 

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