Crude Oil (WTI) (G1) Intraday: watch 52.00.

USOil

Trading Central 2021-01-14 15:37:05

Pivot: 53.40

Our preference: short positions below 53.40 with targets at 52.50 & 52.00 in extension.

Alternative scenario: above 53.40 look for further upside with 53.90 & 54.35 as targets.

Comment: as long as the resistance at 53.40 is not surpassed, the risk of the break below 52.50 remains high.

Supports and resistances:

54.35

53.90

53.40

52.96 Last

52.50

52.00

51.50

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