WTI Intraday: bullish bias above 87.70.

WTI (USOIL)
-0.086-0.10%
long positions above 87.70 with targets at 90.60 & 92.20 in extension.
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Pivot: 87.70

Our preference: long positions above 87.70 with targets at 90.60 & 92.20 in extension.

Alternative scenario: below 87.70 look for further downside with 85.50 & 83.90 as targets.

Comment: a support base at 87.70 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
94.70
92.20
90.60
88.77 Last
87.70
85.50
83.90

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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