(05 February 2020)Crude Oil (WTI) Key resistance at 50.45.

(05 February 2020)Crude Oil (WTI) Key resistance at 50.45.

5 February 2020, 09:07
Jiming Huang
0
65

ui
Pivot
 (invalidation): 50.45
Our preference
Short positions below 50.45 with targets at 49.70 & 49.30 in extension.
Alternative scenario
Above 50.45 look for further upside with 51.00 & 51.55 as targets.
Comment
The upward potential is likely to be limited by the resistance at 50.45

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