WTI Intraday: consolidation in place.
WTI (USOIL)
-0.303-0.32%
short positions below 94.60 with targets at 91.50 & 90.50 in extension.
Pivot: 94.60
Our preference: short positions below 94.60 with targets at 91.50 & 90.50 in extension.
Alternative scenario: above 94.60 look for further upside with 96.30 & 97.60 as targets.
Comment: as long as the resistance at 94.60 is not surpassed, the risk of the break below 91.50 remains high.
Supports and resistances:
97.60
96.30
94.60
93.85 Last
91.50
90.50
88.80
Our preference: short positions below 94.60 with targets at 91.50 & 90.50 in extension.
Alternative scenario: above 94.60 look for further upside with 96.30 & 97.60 as targets.
Comment: as long as the resistance at 94.60 is not surpassed, the risk of the break below 91.50 remains high.
Supports and resistances:
97.60
96.30
94.60
93.85 Last
91.50
90.50
88.80
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