Daily and weekly charts are also bearish. Short

WTI CRUDE OILTVC

Description

⋅ May 22, 2023 3:43 AM

Pivot
72.20
Our preference
Short positions below 72.20 with targets at 71.20 & 70.50 in extension.
Alternative scenario
Above 72.20 look for further upside with 72.80 & 73.40 as targets.
Comment
The RSI is below its neutrality area at 50%

Trend Analysis

Comments

InkyGrip

⋅ May 22, 2023 5:57 AM

Im bearish too on USOIL