Crude Oil (WTI) may rise to 111.90 - 112.30
Our preference
Long positions above 110.30 with targets at 111.90 & 112.30 in extension.
Alternative scenario
Below 110.30 look for further downside with 109.30 & 108.60 as targets.
Comment
The RSI is mixed with a bullish bias.
Daily and weekly charts are also bullish.
Our preference
Long positions above 110.30 with targets at 111.90 & 112.30 in extension.
Alternative scenario
Below 110.30 look for further downside with 109.30 & 108.60 as targets.
Comment
The RSI is mixed with a bullish bias.
Daily and weekly charts are also bullish.