(04 August 2020)Crude Oil (WTI) The bias remains bullish.

Pivot
 (invalidation): 40.35
Our preference
Long positions above 40.35 with targets at 41.20 & 41.55 in extension.
Alternative scenario
Below 40.35 look for further downside with 39.95 & 39.60 as targets.
Comment
The RSI is above its neutrality area at 50%.

(By Swissquote TRADING CENTRAL)