Crude Oil (WTI) (J1) Intraday: the bias remains bu

Crude Oil (WTI) (J1) Intraday: the bias remains bullish.

USOil

Trading Central 2021-02-22 15:29:07

Pivot: 59.35

Our preference: long positions above 59.35 with targets at 60.30 & 60.70 in extension.

Alternative scenario: below 59.35 look for further downside with 58.80 & 58.25 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

61.25

60.70

60.30

59.76 Last

59.35

58.80

58.25

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