(21 September 2020)Crude Oil (WTI) The bias remains bullish.

Pivot
 (invalidation): 39.40
Our preference
Long positions above 39.40 with targets at 40.30 & 40.85 in extension.
Alternative scenario
Below 39.40 look for further downside with 38.80 & 38.25 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)