(16 November 2020)Crude Oil (WTI) Rebound expected.

Pivot
 (invalidation): 40.10
Our preference
Long positions above 40.10 with targets at 41.05 & 41.55 in extension.
Alternative scenario
Below 40.10 look for further downside with 39.40 & 38.90 as targets.
Comment
The RSI calls for a bounce.

(By Swissquote TRADING CENTRAL)