(30 December 2020)Crude Oil (WTI) Rebound.

Pivot
 (invalidation): 47.75
Our preference
Long positions above 47.75 with targets at 48.60 & 48.95 in extension.
Alternative scenario
Below 47.75 look for further downside with 47.50 & 47.20 as targets.
Comment
The RSI is mixed with a bullish bias.

(By Swissquote TRADING CENTRAL)