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

Pivot
 (invalidation): 47.80
Our preference
Long positions above 47.80 with targets at 48.55 & 49.10 in extension.
Alternative scenario
Below 47.80 look for further downside with 47.30 & 46.90 as targets.
Comment
The RSI is mixed with a bullish bias.

(By Swissquote TRADING CENTRAL)