(10 AUGUST 2018)Crude Oil (WTI):Bullish bias above 66.50. – Analytics & Forecasts – 10 August 2018

(10 AUGUST 2018)Crude Oil (WTI):Bullish bias above 66.50. – Analytics & Forecasts – 10 August 2018


oil

Pivot (invalidation): 66.50

Our preference

Long positions above 66.50 with targets at 67.15 & 67.40 in extension.

Alternative scenario

Below 66.50 look for further downside with 66.10 & 65.75 as targets.

Comment

The RSI is mixed with a bullish bias.

(By Swissquote TRADING CENTRAL) 



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