WTI Short Term: The downside prevails as long as 84.08 is resistance
WTI (USOIL)
+2.191+2.70%
The downside prevails as long as 84.08 is resistance, with 67.14 and 62.76 as targets
Our pivot point is at 84.08.
Our preference: The downside prevails as long as 84.08 is resistance, with 67.14 and 62.76 as targets
Alternative scenario: above 84.08, look for 91.65 and 96.16.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 81.31 and 79.93).
Supports and resistances:
96.16 **
91.65 *
84.08 **
77.63 last
67.14
62.76 **
58.38 *
Our preference: The downside prevails as long as 84.08 is resistance, with 67.14 and 62.76 as targets
Alternative scenario: above 84.08, look for 91.65 and 96.16.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 81.31 and 79.93).
Supports and resistances:
96.16 **
91.65 *
84.08 **
77.63 last
67.14
62.76 **
58.38 *
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