(07 MAY 2019)Crude Oil (WTI):63.35 expected.

(07 MAY 2019)Crude Oil (WTI):63.35 expected.

7 May 2019, 10:33
Jiming Huang
0
62

oil

Pivot (invalidation): 61.80

Our preference

Long positions above 61.80 with targets at 62.95 & 63.35 in extension.

Alternative scenario

Below 61.80 look for further downside with 61.10 & 60.65 as targets.

Comment

A support base at 61.80 has formed and has allowed for a temporary stabilisation.

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