(21 October 2019)Crude Oil (WTI) Key resistance at 54.00.

(21 October 2019)Crude Oil (WTI) Key resistance at 54.00.

21 October 2019, 09:02
Jiming Huang
1
36

oi
Pivot
 (invalidation): 54.00
Our preference
Short positions below 54.00 with targets at 53.35 & 53.10 in extension.
Alternative scenario
Above 54.00 look for further upside with 54.30 & 54.60 as targets.
Comment
As Long as the resistance at 54.00 is not surpassed, the risk of the break below 53.35 remains
high.

(By Swissquote TRADING CENTRAL)

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