(29 December 2020)Crude Oil (WTI) Key resistance at 48.30.

 

Pivot
 (invalidation): 48.30
Our preference
Short positions below 48.30 with targets at 47.55 & 47.25 in extension.
Alternative scenario
Above 48.30 look for further upside with 48.60 & 48.95 as targets.
Comment
The RSI is mixed with a bearish bias.

(By Swissquote TRADING CENTRAL)