FX:USOIL   CFDs on Crude Oil (WTI)
Pivot: 47.75

Most Likely Scenario: long positions above 47.75 with targets @ 49.30 & 50.20 in extension.

Alternative scenario: below 47.75 look for further downside with 47.30 & 46.80 as targets.

Comment: the RSI advocates for further advance.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.