(07 December 2020)Crude Oil (WTI) The bias remains bullish.

Pivot
 (invalidation): 45.60
Our preference
Long positions above 45.60 with targets at 46.65 & 47.05 in extension.
Alternative scenario
Below 45.60 look for further downside with 45.05 & 44.65 as targets.
Comment
The immediate trend remains up but the momentum is weak.

(By Swissquote TRADING CENTRAL)