(30 October 2020)Crude Oil (WTI) Capped by a negative trend line.

(30 October 2020)Crude Oil (WTI) Capped by a negative trend line.

30 October 2020, 09:21
Jiming Huang
0
86

oi
Pivot
 (invalidation): 36.60
Our preference
Short positions below 36.60 with targets at 35.90 & 35.50 in extension.
Alternative scenario
Above 36.60 look for further upside with 37.10 & 37.75 as targets.
Comment
The upward potential is likely to be limited by the resistance at 36.60.

(By Swissquote TRADING CENTRAL)


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