(22 December 2020)Crude Oil (WTI) Bullish bias above 47.40.

 
Pivot
 (invalidation): 47.40
Our preference
Long positions above 47.40 with targets at 48.15 & 48.75 in extension.
Alternative scenario
Below 47.40 look for further downside with 46.85 & 46.25 as targets.
Comment
The RSI is mixed to bullish.

(By Swissquote TRADING CENTRAL)